Posts Tagged ‘downpayment’
What are the downpayment guidelines when buying a multi-unit investment property?
Is it different from a primary home? I am interested in an apartment building to purchase as an investment. What are the guidelines for downpayments on an investment property. Is it the same as a primary home? I have heard that it is not the 10-20% minimal downpayment because if all/most of your units are occupied, this is taken into consideration. Websites are appreciated too. Thanks for your help.
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Is a mutual fund the best way to save for a first home?
I’m looking in 3-4 years to purchase my first home. I have been currently saving for it, but if there was a decent way to marginally increase the overall downpayment that would help in the long run. I could buy into a blended mutual fund which has decent returns.
Is this an okay way to do it without being hit with penalties or are CD’s a better way to accumulate this money?
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