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What are the chances of getting an interest only loan on a piece of property?
Posted on 11/12/12 at 10:20 am
Posted on 11/12/12 at 10:20 am
What kind of down payment is required for something like that?
It's commercial use property
It's commercial use property
2
Posted on 11/12/12 at 11:09 am to yellowfin
i know someone just inquired about interest only just on lot for personal use. 20% down.
Posted on 11/12/12 at 1:38 pm to yellowfin
I bought three acres last year for interest only. Property appraised for way less than they were asking, but just having good credit did the trick. Around 4.5% for five years.
This post was edited on 11/12/12 at 1:44 pm
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