Posted by Hannah on September 07, 2004 at 22:38:02:
In Reply to: Re: Need 100% Financing posted by Chuck on September 01, 2004 at 16:02:00:
If you have good credit it is possible - I have done it. I did a 80/20 loan on a triplex. Sure the 20% loan has a outrageous interest rate, but I ain't paying the mortgage. I haven't really checked into it, but the word on the street is that 'they' will only lend 100% up to a 4 plex. But, depending on your credit the sky is the limit. Check to see if your seller will carry a note for 5%. It would be easier to get a 95% loan. Overall, if you really want the property, you'll find the money.