Asked by dventura, Waddell, AZ • Fri Feb 22, 2013
I own my current home (not outright) and we are maybe $10K upside down. We have an appt with our realtor next week to go over comps in the area. The second home I am looking at for my mother is around $70K. What is the min down payment that I am going to need and what is the minimum amount that I can get financed? I have heard that lenders don't like to finance less than $50K. Is that true? Thanks in advance for any information.
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