It depends on the strategy and stable income you have. If your debt to income ratio is too high, then it is difficult to get 90% of the loan from the bank. There are some incentive programs to buy a house using only 3.5% of your money of the total purchase price. The rest 96.5% of the money are loaned by the bank. For example, for the house with $100,000 purchase price, you will need to come up with 3.5% ($3,500) and the bank will loan you $96,500. You basically used your money less than 5%, but there's a catch. You may need to pay monthly private mortgage insurance. However, you can buy out the private mortgage insurance at a cheap price if you want to avoid paying monthly private mortgage insurance. This is how you use as less money as you could to purchase a house or rental property. There are many more ways to do it. Hope this help, thanks for watching.
សូមទស្សនាវីដេអូ
ស្តីពី វិធីគណនាអត្រាការប្រាក់ ruclips.net/video/nw_4MGFl2XM/видео.html
បងតើប្រើវិធីនេះ បានតែនៅ អាមេរិកទេមែនទេ ?
It depends.
thanks for sharing admin
I have one question how can we convince bank to get 90% of total amount that we lend for buying 🏠.
It depends on the strategy and stable income you have. If your debt to income ratio is too high, then it is difficult to get 90% of the loan from the bank. There are some incentive programs to buy a house using only 3.5% of your money of the total purchase price. The rest 96.5% of the money are loaned by the bank. For example, for the house with $100,000 purchase price, you will need to come up with 3.5% ($3,500) and the bank will loan you $96,500. You basically used your money less than 5%, but there's a catch. You may need to pay monthly private mortgage insurance. However, you can buy out the private mortgage insurance at a cheap price if you want to avoid paying monthly private mortgage insurance. This is how you use as less money as you could to purchase a house or rental property. There are many more ways to do it. Hope this help, thanks for watching.