Skip Navigation
StreetEasy Logo

Going in contract with less than 10% deposit

Started by seven7
about 14 years ago
Posts: 161
Member since: Aug 2008
Discussion about
I would like to move sometime this year and would like to start loking- I'm pre approved to borrow a certain amount but i'm a little hesitant to start the process because i don't have the 10% deposit to enter in contract, (in my price range, $ 120,000 to $ 140,000) I may be able to put together $ 25,000. maybe $ 30,000. Can i still enter in contract?
Response by seven7
about 14 years ago
Posts: 161
Member since: Aug 2008

Sorry i obviously meant to say in the coming year..

Ignored comment. Unhide
Response by caonima
about 14 years ago
Posts: 815
Member since: Apr 2010

then why did you make offer to the 1.2~1.4 million house at the first place????

Ignored comment. Unhide
Response by seven7
about 14 years ago
Posts: 161
Member since: Aug 2008

Caonina- I never made any offers- But that is the price range i'd like to look in to- I will net $ 700,000 from my sale= I'm qualified to borrow 600,000. I have my own business and never seem to be able to save enough to collect 140,000- Of course i could save but i'm impatient and i want to move, and unfortunately i will- After my sale, In a sublet until i find the right place, thanks

Ignored comment. Unhide
Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

google 'caonima' before making a decision about responding to caonima.

Ignored comment. Unhide
Response by caonima
about 14 years ago
Posts: 815
Member since: Apr 2010

seven7, then better sell your place and get the 700 first

also, that huntersburg is a well-known spammer that has been ignored/banned by many readers here

Ignored comment. Unhide
Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

>also, that huntersburg is a well-known spammer that has been ignored/banned by many readers here

But not you. Thank you for reading what I write and commenting on it.

Ignored comment. Unhide

Add Your Comment