November 21st, 2009
How do you buy property or a home?
I mean it’s not like I have $200,000 in my pocket. How do you buy property or a home when you don’t have tons and tons of money at one time? If it’s any different for getting a house or a mobile home (off the lot) or just empty land please let me know. And thanks or your help!
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Filed under: Buy Property
buying land alone or a home is the same; except the lender will
require more cash down on just a land purchase.
on land, you put down 50%. On a house, from 5-25% in this
new era of RE lending.