| Author | Message | ||
Cool_indian Side Hero Username: Cool_indian Post Number: 4265 Registered: 02-2008 Posted From: 108.253.242.151 Rating: N/A |
3 people I talked (couple of them are Americans) did the same. I am still thinking though | ||
Ramjirao Side Hero Username: Ramjirao Post Number: 3775 Registered: 02-2019 Posted From: 98.122.141.156 Rating: N/A |
Neighborhoods will have restrictions on how many homes can be rented or for investment purposes. So be careful | ||
Guriginja Legend Username: Guriginja Post Number: 41670 Registered: 02-2008 Posted From: 174.218.128.132 Rating: N/A |
You can get the loans for 2nd home/ vacation home just like a primary mortgage...the distance between the homes have to be 40 -50 miles( different in different states) oka 1-2 months vuntam annattu teesukuntaaru....u don't call it or tell that it is an investment home. It is just ur 2nd home....talk to ur mortgage lender...they will guide u. | ||
Maverick Legend Username: Maverick Post Number: 74752 Registered: 01-2008 Posted From: 73.53.118.42 Rating: N/A |
taruvata check cheste rate change and some penalty kooda..u have to take a chance There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs | ||
Mano Side Hero Username: Mano Post Number: 2369 Registered: 07-2018 Posted From: 72.82.157.197 Rating: N/A |
Don't do this... unnecessary risk... I don't suggest. Try local banks or credit unions... based on your financial net worth they will give without hiccups | ||
Maverick Legend Username: Maverick Post Number: 74751 Registered: 01-2008 Posted From: 73.53.118.42 Rating: N/A |
i dont think u can escape. we did a 20% and 4.5% rate in dallas There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs | ||
Cool_indian Side Hero Username: Cool_indian Post Number: 4264 Registered: 02-2008 Posted From: 108.253.242.151 Rating: N/A |
Some builders are not even selling to investment folks. I heard (even from goras) that we can classify the home as a primary home(instead of investment) for finance purposes and get away with 10% down payment. One of my friend said he went with this approach and later told the bank that his plans changed. | ||
Mano Side Hero Username: Mano Post Number: 2366 Registered: 07-2018 Posted From: 72.82.157.197 Rating: N/A |
Primary homes ki matrame lower rates. Investment property ki konchem ekkuva around 1% more esuko. Down Payment is dependent on your Bank's risk taking capacity. I've done 20% on a second home. I've bought a land along with a friend with cash down... but when we went for loan for the construction... I really had tough time. So went with local bank with interest only option for the entire construction amount as they have land as a surity and cleared off the loan after the sale. If you work with any realtor agent... he will take the pain of getting you loan also, many a times. Try that option | ||
Gandhiguevara Legend Username: Gandhiguevara Post Number: 72362 Registered: 10-2009 Posted From: 12.238.140.246 Rating: N/A |
Oka daaniki 4% down chesi dobbinchukunnaa ... inkaa 2nd dhi and investment | ||
Cool_indian Side Hero Username: Cool_indian Post Number: 4263 Registered: 02-2008 Posted From: 108.253.242.151 Rating: N/A |
...without having to pay high down payment? Heard lenders dont lend to investment home buyers or sell with higher interest? |