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Updated over 9 years ago on . Most recent reply

Raju T.'s profile image
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Raju T.
  • Flipper
  • from Toronto, Ontario
  • Member since Nov 18, 2015
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Raju T.'s profile image
Raju T.'s profile image
Raju T.
  • Flipper
  • from Toronto, Ontario
  • Member since Nov 18, 2015
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Raju T.
  • Flipper
  • Toronto, Ontario
4
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22
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Private Lending & Conventional Mortgage Advice

Possible 2 buy a house in Newyork with 10% down being Canadian?

Raju T.
  • Flipper
  • Toronto, Ontario
Posted

Hi All,

I live in Toronto, Canada. I have USA visitor B1/B2 visa only. I want to buy a house in Rochester NY. Is it possible to buy a house with just 10% down?, i.e. I will need 90% financing(80% from traditional mortgage and 10% from private lenders). I have 15K now. what will be the approx interest rate for private lender?

Please provide your comments. 

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