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How Much Down |
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Do you always need to put down 20 % when buying a investment property such as a 20 unit appartment building or can i get a mortage with only 10% up front. |
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As so often, the answer is a firm "it all depends." If the seller is taking back a mortgage, the terms might be almost anything the two of you could agree on. If you're looking for bank financing, mortgage money for investment real estate is rather tight these days, but I don't know the exact details. Why not call a couple of lending institutions, or simply talk with a few mortgage brokers? They'll have the answer. |
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Edith
Originally published on November 27, 2007 |
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