Get Creative With Your Financing
Get Creative With Your Financing
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The amount of down payment you make on a property does not matter to banks as much as the equity it creates. For instance, if you're buying a house worth $100,000, you'll need to make a $20,000 down payment to create equity. However, if you're buying an investment property worth $80,000 that's worth $100,000, banks won't require you to make any down payment.
The amount of down payment you make on a property does not matter to banks as much as the equity it