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Financing in Phoenicia : Real Estate Advice

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Thu Dec 9, 2010
Matthew Howe answered:
Yes. It all depends on how much you can put down. Typically the bank will lend up to 80% of the value on a conventional loan. If you can come up with the difference you should be all set. For example:

Sales price = $100,000
Appraised Price = $80,000
Loan Approved = $64,000
Down payment = $36,000
... more
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