Au Gres : Questions & Answers

change location

cancel or


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
Search Advice


Email me when…

Learn more

Meet the Trulia VIPs
Carol Lee Rubeck, Agent in 14075
Carol Lee Rubeck
Dawn Mastromarino, Agent in Boca Raton
Dawn Mastromarino
Boca Raton
Joanne Liscovitz, Agent in 08844
Joanne Liscovitz
Michael & Laura..., Broker in Portland
Michael & Laura...
Home > Q&A > Michigan > Arenac County > Au Gres
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer