All the answers you are getting are good. But dont use all 50k. Only use 20% of the purchase price, so for $200,000 it will be $40,000. Call me Ill explain why.
Gabino Barrera Jr.
23705 Crenshaw BLVD. Suit 101
Torrance, CA 90505
License by the State of California Department of Corporations under the California Residential Mortgage Act