Updated about 4 years ago on . Most recent reply
15% down Jumbo Second Home with 1031
BP Friends! Hope all is well.
I know this is a loaded question: Do you know if anyone does 15% down jumbo second home and okay with 1031 exchange?
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@Ivan Ng sadly sometimes when dealing with the banks, even when you are following the rules, they have some silly requirements to kill a deal. It is just a reality we have to deal with.
If your ultimate goal is getting the lowest rate keep in mind that when interest rates are this low 1/4 or even 1/2% more does not make that much difference in the payment. When rates get higher a small difference in rate makes a big difference in payment. Good luck.