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Sanae Trotter
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Is getting lender for less than 50K possible?

Sanae Trotter
Posted Mar 6 2020, 11:43

Hello, 

It's my first posting BP! I am resident in San Francisco Bay Area, very new in BP community.  

I am in the middle of process of purchasing my first duplex in IN. My offer (accepted, pending, waiting foundation report) in all cash, but I realized that mortgage rate is pretty low lately, and I should put 50% down and finance the other 50%. Also, I can see that Coronavirus is effecting US/World economy harder than I imagined. So, I thought keeping cash might be wise for this spring.  The financing amount would be less than 50K.   Your advice would be greatly appreciated.

Thank you.

Sanae

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