Forgotten Your Password?

Need to Register?

Question Icon

Buying a multi-unit property as a first time buyer

which loan is best? by british475 from Jenkinsville, South Carolina. Sep 1st 2020 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Reading between the lines on the question, one assumes you are wondering the difference between buying a single family home versus a multi-family home? There are way too many variables to deal with here. Everything from are you willing to be a landlord, to down payment size and program options, to what can the other side rent for, and how much the other side is paying towards the mortgage - hence making it more free monthly to you. I suggest sitting down with a local mortgage broker to see you loan qualifications, and go from there. I lend in MN WI IA SD ND. Visit me at iMortgageJoe.com - NMLS 274132

Sep 2nd 2020
0
0
Subscribe to our news feed.