Re: Help: should I buy a house# Living
r*e
1 楼
If you don't have enough cash, you can get a loan without closing cost. The
rate will be higher.(0.25 in our case). The money you must pay up front is: at
least 5% down, one year Insurance, and 3 month property tax. (those typically
are not considered as closing cost).
most bank will only lend you 80% of the value of the property, which means you
have to get a second mortgage to make up the 15%. The rate will be much higher
than the first mortgage.
If you borrow money from other people, make sur
rate will be higher.(0.25 in our case). The money you must pay up front is: at
least 5% down, one year Insurance, and 3 month property tax. (those typically
are not considered as closing cost).
most bank will only lend you 80% of the value of the property, which means you
have to get a second mortgage to make up the 15%. The rate will be much higher
than the first mortgage.
If you borrow money from other people, make sur