How can you acquire a home with as little as 5% down? Or is this even a good idea?
Q..... How can you acquire a home with as little as 5% down? Or is this even a good idea?
from Zoocasa ASK the Pros
A.......If you can be approved for a 95% loan and you are confident prices will be higher for that property in 1-2-3 yrs (whenever the bottom is) then go ahead.
After the "dip" we're going to see rapid inflation/currency devaluation and home prices will soar
You gotta live somewhere and if you rent in the meantime, you'll get no return on your monthly investment.
from Zoocasa ASK the Pros
A.......If you can be approved for a 95% loan and you are confident prices will be higher for that property in 1-2-3 yrs (whenever the bottom is) then go ahead.
After the "dip" we're going to see rapid inflation/currency devaluation and home prices will soar
You gotta live somewhere and if you rent in the meantime, you'll get no return on your monthly investment.
posted by Walk a Kb or Two in my cassins | 9:11 pm
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