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re: Lot Loan

Posted on 12/26/13 at 1:28 pm to
Posted by yellowfin
Coastal Bar
Member since May 2006
98083 posts
Posted on 12/26/13 at 1:28 pm to
Did they require 20% down?
Posted by StinkBait72
Member since Nov 2011
2058 posts
Posted on 12/26/13 at 1:53 pm to
quote:

Did they require 20% down?


The requirement was 10% down. I put down a little more and also have the cash on hand to pay it off, but didn't want to drain my savings due to the volatility of the field I work in. This may have helped get my rate down, but I don't really know how they determine these things.
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