Technique 7Put More Money Down

I've emphasized in this book that low-down financing is readily available today—10 percent down, 5 percent down, nothing-down, 103 percent financing. However, to get this requires increasingly better credit.

On the other hand, if your credit isn't wonderful, then you can still get a good low-interest-rate loan if you're able to increase your down payment. Put down 20 percent and lenders will love you. Put down 30 percent, and you should be able to get an equity loan from a lender no matter how bad your credit may be!

0 0

Post a comment