Updated almost 9 years ago on . Most recent reply
Dont have enough for down payment
Hello, I am new to this forum and needed a bit of guidance. I have owned this apartment which has been currently rented for a few years now but now I am looking to buy a property of my own. However, I don;t have enough for a down payment on a property for me at the moment. What would be my best option?
Grant W.
Most Popular Reply
Is the apartment owner occupied and or is the property you want to buy going to be O/O? If the apartment is an investment property I would suggest a cash out-refi. That way you would have large enough of a down payment to purchase the home. Most hard money lenders do up to 65% of the actual market value. Hope this helps some..