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-   -   whats a good down payment on a house? (https://gfy.com/showthread.php?t=362641)

robfantasy 09-27-2004 12:54 AM

whats a good down payment on a house?
 
should u take a 0 money down offer?

detoxed 09-27-2004 12:55 AM

$156

BRISK 09-27-2004 12:56 AM

100%

freeadultcontent 09-27-2004 12:59 AM

Quote:

Originally posted by robfantasy
should u take a 0 money down offer?
Selling?

robfantasy 09-27-2004 01:00 AM

Quote:

Originally posted by freeadultcontent
Selling?
i can buy with no money down

webgurl 09-27-2004 01:03 AM

25% if you have it :glugglug

chaze 09-27-2004 01:04 AM

I just did 0 down on a 600,000 house and pay only $2900 a month.

Smokin :thumbsup Lovin the low rates right now...

freeadultcontent 09-27-2004 01:04 AM

Quote:

Originally posted by robfantasy
i can buy with no money down
Fuck I am sooo lost

the Shemp 09-27-2004 01:05 AM

Quote:

Originally posted by robfantasy
i can buy with no money down
if you can buy a house with no money down, do it...

baddog 09-27-2004 01:07 AM

Quote:

Originally posted by robfantasy
i can buy with no money down
hurricane hit it or something? if you can get for 0 down, and can afford the payments, go for it (if the asking price is reasonable for the area)

robfantasy 09-27-2004 01:12 AM

looking for a condo/townhouse.. 250-350k

freeadultcontent 09-27-2004 01:14 AM

Quote:

Originally posted by robfantasy
looking for a condo/townhouse.. 250-350k
10-20% will ussually get it for you.

flashfire 09-27-2004 01:15 AM

10% is good in my books

Kimmykim 09-27-2004 01:17 AM

Quote:

Originally posted by robfantasy
should u take a 0 money down offer?
It will depend on your credit, the amount of points and the interest you want to pay.

SleazyDream 09-27-2004 01:21 AM

in canada under 20% will require an insurance policy - which rises the total cost but it's possible to get 0% down.

without insurance it's hard to get anyone to finance under 15% - 20-25% is the norm.

beemk 09-27-2004 01:39 AM

in michigan if you dont put down 20% you have to pay pmi insurance. which is about $50-75 on a 100k house i think.

BrainDead 09-27-2004 03:27 AM

25% will do..

shermo 09-27-2004 03:42 AM

I got 100% financing down on my $250k townhome. I had to put up 10% earnest money though, which will come back at closing time. There's nothing like a big chunk of change coming back to put into home upgrades.

As it stands on a 7 year ARM, payments for me will be around $1200 a month. I'll be selling in a year or 2, so this was the smartest choice for me. :thumbsup


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