I'm a first time homebuyer and I'm looking for a home. Does anyone know how long townhomes are financed for? 30, 20, or 15 years?
2007-05-14 12:35:34 · 3 answers · asked by Ed 1 in Business & Finance ➔ Renting & Real Estate
Townhomes are not any different from a standard house. All of the same loan programs apply. You might check with several lenders and realestate agents to see if there are any 1st time buyer programs avalable in your area.
2007-05-14 13:44:33 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
You have the same mortgage choices as you would for a single family residence. If you wanted any of the terms you mentioned, I don't see why you couldn't get it. Good luck!
2007-05-14 19:40:02 · answer #2 · answered by Kathryn 6 · 0⤊ 0⤋
40,30,20,15,10 years, depends also on the mortgage company.Good luck!
2007-05-14 21:37:14 · answer #3 · answered by Wengsky 2 · 0⤊ 0⤋