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re: Question About Financing a House
Posted on 8/29/15 at 7:41 am to OleWarSkuleAlum
Posted on 8/29/15 at 7:41 am to OleWarSkuleAlum
I don'to watch a ton of HGtV with exception to Flip or Flop (Christina) and Fixer Upper (Joanna).
Flip or Flop is basically all cash Foreclosures, whereas Fixer Upper is usually houses that look like they qualify for 203k products. Most lenders can do Heloc up to 89% LTV so I'm sure some work it that way as well.
If you can qualify for USDA I guess you could put next to nothing down and use entire 70k for upgrades.
There's a couple lenders on here that know more than me, these are armchair QB scenarios.
Flip or Flop is basically all cash Foreclosures, whereas Fixer Upper is usually houses that look like they qualify for 203k products. Most lenders can do Heloc up to 89% LTV so I'm sure some work it that way as well.
If you can qualify for USDA I guess you could put next to nothing down and use entire 70k for upgrades.
There's a couple lenders on here that know more than me, these are armchair QB scenarios.
1
Posted on 8/29/15 at 9:33 am to ItNeverRains
(no message)
This post was edited on 10/20/21 at 11:35 am
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