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Message
re: Simple Question about being pre-approved for a mortgage
Posted on 1/6/13 at 7:14 am to LordSnow
Posted on 1/6/13 at 7:14 am to LordSnow
Most places require you to put down 20% of the loan value. That means if you have 50k, you are looking at a house worth 250k max.
This post was edited on 1/6/13 at 7:18 am
2
Posted on 1/6/13 at 7:17 am to threeputt
quote:
Most places require you to put down 20%
This will be my 3rd house and I've never put down 20%
Posted on 1/6/13 at 8:47 am to threeputt
quote:
Most places require you to put down 20% of the loan value.
I think you meant to say 20% of the value of the home, not "loan value".
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