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Can I get a commercial loan without 25% down?
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No, I do this so I don’t have to deal with bank escrow bs - I put the expected cash outlay in a HYSA at beginning of the year and try to earn some interest on it before making the payments late in the year or early the next year
This was my thought process
Depends on your interest rate
I was fine using escrow until they raised it to cover the expected cushion (not shortage). I decided I wasn’t going to pay them to hold money that I could just as easily hold.
This - this is the bs I referenced in my post above, which is why I decided to self manage
Check the rate difference. They’ll usually increase the rate until you hit a certain % down if you aren’t escrowing.
Generally agree with everyone but some insurance companies and local governments are living in the 1950s. No autopay option.