Selling a home "as is"

mousegray
Fri, 16 Apr 2010 02:05:45 +0000

10. Try to always get at least an 80/15/5. This means you will take an 80% loan, and a 15% second, but 5% down. You avoid PMI which will save you a fortune. If you do this method, ask the lender to make the 15 a home equity line, because that means as you pay it off you will be able to access it for the what if scenario…vacations are not what if…HVAC is!



b and p, are you saying that one should buy a home with 5% down payment and take the rest in loans? I thought you should pay as much down as you can afford?