Posted by dealmaker on June 02, 2005 at 20:24:23:
tough to get loans anywhere for less than $40K, heck that’s a car loan. They’ll eat you up with points and junk fees. Remember, everyone who touches the paper, typist, filer, courier etc gets paid the same on a $350K loan as on a $40K.
I faced this situation about 15 years ago on a $31K deal. I pad CASH and that’s all I’ve done ever since. It eliminates junk fees, gives you GREAT flexibility when selling and eliminates any BS ideas about “tax savings” through paying interest!
Buffalo though, might need some extra cash to heat that unit, LOL.