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Buying & Selling Real Estate

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Dean Klein
  • Monroe, WI
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31
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Is this normal?

Dean Klein
  • Monroe, WI
Posted Sep 12 2015, 14:56

I'm purchasing a duplex in less than two weeks and my banker called and said instead of putting 20% down, I could put 10% down and my payment would only go up $80 a month including PMI, so I can save over 10k on DP and use that for future purchases, and she said she could even include my rents right away and not have to wait 2 years. Anybody else ever been able to only put down 10% and not 20%?

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