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Updated almost 12 years ago,

Paul Zofsak's profile image
Paul Zofsak's profile image
Paul Zofsak
Pro Member
  • Investor
  • from Cypress, TX
  • Member since Mar 30, 2013
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User Stats

111
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13
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Paul Zofsak's profile image
Paul Zofsak's profile image
Paul Zofsak
Pro Member
  • Investor
  • from Cypress, TX
  • Member since Mar 30, 2013
Connect
Paul Zofsak
Pro Member
  • Investor
  • Cypress, TX
13
Votes |
111
Posts
Private Lending & Conventional Mortgage Advice

20% down, percentage of loan or value of property

Paul Zofsak
Pro Member
  • Investor
  • Cypress, TX
Posted

Since I have been trying to secure funding for rental properties the banks are telling me I need to put down 20%; it just occurred to me, do they mean 20% of the purchase price or 20% of the appraised value of the property?

  • Paul Zofsak
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