I'm looking to buy a house in the 160k range or so. most of the houses i have looked at do not need nething right now (no roof water heater furnace etc..
2007-03-21 10:26:29 · 3 answers · asked by JASON D 3 in Business & Finance ➔ Renting & Real Estate
i'm looking for how much to have in savings(cushion) acct. like for the what if's & such.
2007-03-21 16:25:00 · update #1
There is no magic answer to your question. Depending on your age and credit history you might qualify for a zero down loan and 100% financing. There are a lot of lenders that will give you an 80/20 loan with points. That means that if you have $32,000 you can get a loan at the drop of a hat. The less money you have, the more you will have to have in points, but points can be financed.
Try www.lendingtree.con as a place to start.
2007-03-21 10:40:10 · answer #1 · answered by ttpawpaw 7 · 0⤊ 1⤋
About $40,000.
20 pct down ($32,000) and figure another $8000 for closing costs and moving expenses, but you might get by for less on that.
2007-03-21 10:29:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That last post said .CON not .COM
... I sure hope that wasn't a Freudian slip!
2007-03-21 10:52:23 · answer #3 · answered by dork 7 · 0⤊ 2⤋