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Updated over 2 years ago,
Funding down payments
I have no problems getting financing through a bank for an investment property, however I have a difficult time saving up the down payment to get the loan.
Any advice as to how I remedy this situation.
Also, the bank I have used in the past is stating that regardless of property value, I must make a 25% downpayment on purchase price, and I think thats rediculous if the appraised value comes in more than 25% above purchase price.
Any help is greatly appreciated, thank you