What is 20% of 100,000 and 30%
What is 20% of 200,000 and 30%
Math is not my best subject no need for bashing just needs to know.
Answer by Kiwismommy19 at 4:04 PM on Jun. 10, 2010
The credit score necessary depends on the lending instution. There is no one right answer.
In math of means times or multiplication 10% means .10 (like 10 cents). So 20% of $100,000 = 0.20 X 100,00 = 20,000.
Answer by Gailll at 4:06 PM on Jun. 10, 2010
If you are thinking of buying a home there are government downpayment assistance grants. They are handled by an agency in your county and are usually for first time homebuyers (that includes people that haven't bought a home in 3 years, usually). What they typically do is match what you have for a downpayment 3:1. Say you have $5,000, they will provide $15,000 toward the downpayment and will often pay a lot of the other fees like closing costs.
My son bought a house with $1000, a downpayment assistance grant paid $3000 and all the other costs. The first housepayment wasn't due for almost 2 months. He bought a 2 bedroom, newly remodled home with a pool and large fenced yard in central Tucson. Go to google and type in downpayment assistance program and the name of your city or county.
Answer by Gailll at 4:12 PM on Jun. 10, 2010
Answer by mamaofficer at 4:15 PM on Jun. 10, 2010
More on house buying.
You don't have to have 20% down. If the seller is motivated you can get a loan through normal sources and pay much less. My son's loan with the low down payment was through a credit union. He had an ok credit score but several credit cards that were almost maxed out. The house he got wasn't forclosed. We looked at forclosed homes but they usually don't have applicances and are damaged. For downpayment assistance programs the homes have to have appliances and can't be too damaged.
Find a good, nice real estate person that will really help you. There are web sites that show you as soon as a house goes on the market so you can be the first ones to get to the house and make an offer. Buying a house is a big job.
Answer by Gailll at 4:18 PM on Jun. 10, 2010
Answer by Mom2Jack04 at 5:49 PM on Jun. 10, 2010
Answer by mamaofficer at 6:36 PM on Jun. 10, 2010
Answer by Anonymous at 10:55 PM on Jun. 10, 2010
Answer by Anonymous at 9:04 PM on Jun. 12, 2010
Answer by Anonymous at 3:59 AM on Jun. 13, 2010