2006-07-30 11:39:30 · 3 answers · asked by jaltoveros 1 in Business & Finance ➔ Renting & Real Estate
You must find out following.
1, For conventional loan you will need 20% down payment.
2, you can get no down payment type loan but rarely.
3, Go see your banker they will prequalify you and guide you to a real estate person on request.
4, Go see a local reputable real estate person they will guide you to a bank if you do not have one.
2006-07-30 11:54:21 · answer #1 · answered by minootoo 7 · 0⤊ 0⤋
A mortgage of $ 225,000 at 7% for 30 years (fixed) would have a monthly payment of: $ 1,496.31
That does not include taxes, or hime owner's insurance, though.
Try out the mortgage calculator, if you'd like. The link is:
http://newbostonmortgage.com/calculator.html
2006-07-30 18:47:11 · answer #2 · answered by Siamesecaterpillar 2 · 0⤊ 0⤋
Approximately $150,000 and that does include taxes and insurance.
2006-07-30 19:07:08 · answer #3 · answered by staceydian 2 · 0⤊ 0⤋