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Ive found a few properties in the 30k-40k range and spoke to a couple of mortgage brokers but they keep telling me they are not interested in financing a property with that low of a price tag. And a personal loan at 5 years makes the payment higher than rent. I'd like to finance it for 10 or 15 years and of course pay it off sooner.
To the mortgage guru's on here, is that pretty much the same across brokers?
Credit Union is your friend here. They have (or at least the one's around here) very flexible products for this amount of money.
@meehan22 wrote:Ive found a few properties in the 30k-40k range and spoke to a couple of mortgage brokers but they keep telling me they are not interested in financing a property with that low of a price tag. And a personal loan at 5 years makes the payment higher than rent. I'd like to finance it for 10 or 15 years and of course pay it off sooner.
To the mortgage guru's on here, is that pretty much the same across brokers?