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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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<blockquote data-quote="ON D BIT" data-source="post: 16368491" data-attributes="member: 10422"><p>Let use your number $150k as a 20% down payment on $750k house. You hold on and instead put 0 down. </p><p>The market drops 20% know you owe about $750k on a house worth $600k. </p><p>But you still have that $150k. </p><p>What bank will put up a second mortgage when you are $150k upside down in your first loan?</p><p></p><p>If you can find a house for $150k to pay in full on a second house you are correct you could do this.</p></blockquote><p></p>
[QUOTE="ON D BIT, post: 16368491, member: 10422"] Let use your number $150k as a 20% down payment on $750k house. You hold on and instead put 0 down. The market drops 20% know you owe about $750k on a house worth $600k. But you still have that $150k. What bank will put up a second mortgage when you are $150k upside down in your first loan? If you can find a house for $150k to pay in full on a second house you are correct you could do this. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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