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Is 15k enough of a downpayment for a first time buyer?
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08-31-2007, 02:49 PM
baycouples
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Join Date: Mar 2004
Location: San Jose, CA
Posts: 1,341
I just bought a rental property and it's tougher than ever to get a loan no matter how good your credit is and how much money you make. If you put $15K down - you'll still probably end up with like $5K in closing costs. It's insane right now.
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