How much are you putting down?

My neighbor just had their 110 year old house sanded entirely down to the wood.

I’m looking to purchase my second property (hopefully a duplex) and believe using a home equity loan is the best way to tap into my equity to use as a down payment since my mortgage rate is 2.5%.

In the beginning it might be all fun and games with X's & O's and spreadsheets of mortgage quote comparisons but when it comes down to the end of the contract date, it'll boil down to how stressful (it was or wasn't) and how direct the mortgage professional was in caring enough to get it closed.

It's been quite a rollercoaster with its ups and downs.

Depending on different factors, primarily lot size and location, we have even been paying $1m+ for houses to tear down in Seattle and $2m+ in the Eastside . 

I have enough savings to pay the down payment (family supporting me in this venture).

Investigate your choices for financing, such as FHA loans, which sometimes have lower down payments.

@Noah Bacon my sister was the one put down over 250K down payment for the house, I had been helping paying their mortgage for most of the time because my nephew has no money since he is still in school, just his name is on the loan and title.  

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