They range from various types of investment property mortgages to hard-money lending and portfolio loans. If your primary concern is an in-person borrowing experience with good customer service, Chase is a good choice. You should have four to six months’ worth of cash on hand to cover principal, interest, taxes, insurance, and any homeowners’ association payments. Then as you pay down the loan over time, consider how you might be able to reduce the interest expenses still further based on your solid borrowing history and lower outstanding loan balance. But for those with a low down payment, notably first-time buyers, you may find good rates and a better experience with this California based lender. They may also carry fees of 3. This bank delivers traditional Midwest business pride with award-winning customer service rankings.