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Updated about 5 years ago,

User Stats

11
Posts
1
Votes
Michael James Rutter
  • Contractor
  • Springfield, OH
1
Votes |
11
Posts

Is it a good idea to take out a loan for a $10K down payment?

Michael James Rutter
  • Contractor
  • Springfield, OH
Posted

If I wanted to make a $200k purchase as a first time homebuyer with the intention to house hack, would it be smart or even doable to take out a loan for the down payment as well as the mortgage? The reason being that the time it would take to save for the down payment would take a while and I would like to get something as soon as possible. Thoughts?

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