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How can I get financing for a $50,000 down payment? |
I am looking for a business investment in real estate (I already have a home). Can I get financing for the down payment? I am not interested in using credit cards, my home equity or family money. A down payment is usually required in cash. A lender want you to have some ownership in the deal and not be mortgaged 100% Probably not .. on a second home purchase the banks usually require 20% down. you could do a second mortgage on your first home or refinance and use your equity No, the whole point of a down payment is that you have the financial resources to put that into the property in cash. A down payment cannot be financed or it is not a downpayment it is just creative financing. |
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My dad used to own a business that sold big ticket items. He worked with a local credit union to finance his customers. He would have them fill out the applications at his store, then fax or take... really felt for you cos i've been in your shoe before i eventually got loan to start my loan business ten years ago, just brought back old memories contact us at carthymoore@yahoo.com and att... I hate to break this to you, but lots of real estate agents are also in the loan broker business. Yes, the other posters here are correct in thinking that you'd need licenses for both in most... . ok, bare with me on this. You've got a lot of different departments or systems involved in this! So you're gonna have to present a rather complicated imagine but one that everybody is ... The properties will need to have individual parcel numbers to be financed separately. Unless the parcel of land has been previously split then it only has one number. ...Title search and insurance are a must. Without them you could end up losing everything. You can not do it yourself. However, $1500 is too high... You also need a home inspection by a legit ... Your best option is to get financing yourself and pay off the contract. Even if the deal is "unwound" you will not get your trade-in back in most cases. There is a very good chance th... check out for sale by owners and call a few real estate agents and offer a L2P wrap. You would not need a credit check or income verification because the mortgage is already in place and you are ju... |
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