Related Posts
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site
Send download link to your phone
OR
Scan your QR code to download
Fishbowl app on your mobile
You would most likely have to buy a house pretending to live there, take a multi part loan - like a 80/15/5 or 90/10/10 if they still offer them.
Your payments will be higher as your 2nd mortgage will amortize over 15 years and require faster repayment.
I feel like this would be hard to make it worth it.
I'd like to point out this is mortgage fraud and illegal
For a rental property loan, you may need to actually put down more than 20%... Unless it’s bought as a primary or maybe a second home
Purchase Owner occupied
Just get the primary residence loan and say down the line, you changed your mind.
Marry a veteran or a physician and pay $0 down!
I am a veteran, but can't buy within a certain distance of my primary residence without putting the higher percentage down, as far as I know at least