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Updated 10 months ago on . Most recent reply
![MIchael McCUe's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1658784/1703376286-avatar-michaelm1893.jpg?twic=v1/output=image/crop=614x614@135x382/cover=128x128&v=2)
Can I pay into an unsecured loan and loan amounts to income
Hello I hear their are unsecured loans I can acquire via my income history I believe they give you an income of 20% of the loan now can I pay into the debt replacing pre existing gray space the remaining 80% or will it remain outside as a new amount, hopefully that's understandable.
also if I earn $30,000 annually what amount do they let me receive, thanks appreciate entirely.
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You technically can not take debt to fund a downpayment of the property
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