Au Gres : Questions & Answers

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Cat, Home Owner in Au Gres, MI
Cat answered:
I would like to buy a home with 10 to 15% down on land contract and pay it off with a balloon mortgage in about 2 years. Is this possible?
Got my answer. It's NOT WORTH IT! You would most likely have to put down 20% now and then when it's time to get the loan at the end, you then have to put another high percent down and a ... more
0 votes Share Flag Wed Dec 17, 2014 Home Buying in Au Gres
Kathy Persha, Real Estate Pro in Michigan
Kathy Persha answered:
Is there any where out there you can buy a land contract with little or no money down? I think it's wishful thinking on my daughters part.
Definitely wishful thinking. You can't even lease a house without putting down a security deposit. Most land contracts will require a substanntial deposit. I have seen as high as 50% ... more
0 votes Share Flag Fri Nov 23, 2012 Home Buying in Au Gres
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