Financing a 20% downpayment
Started by Nix_NY
about 11 years ago
Posts: 1
Member since: Aug 2010
Discussion about
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Co-ops usually charge 20% down payment . While I can afford the 20% down payment for my budget (based on annual family income, assets etc.), is there any way to put down only 10% for a co-op and finance the other 10% to take advantage of the low rates. The additional leverage increases the monthly payment by about 10-15% that I can easily afford with my income. Thanks, N