Down Payment Funds
Down Payment Funds
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The goal is to pay for the entire down payment without touching the HELOC funds. This keeps the math simple and maximizes our income from that property which maximizes our borrowing power. Holly has an additional 135k coming in inheritance but it most likely will not arrive prior to settlement.
Inheritance documentation found on the home page under Holly's section.
4/10/2021 UPDATE: WE WERE ONLY ABLE TO GET 3.125% AT 547 BORROW. AS SUCH WE WILL NEED TO WITHDRAW APPROXIMATELY $40,000 FOR SETTLEMENT AND WE WILL HAVE A $208 INTEREST PAYMENT ON THAT, SO OUR ACTUAL SCENARIOR IS CLOSER TO THE 40% DOWN COLUMN ABOVE...
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