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Any solid advice for house buying - finance?

James Hancock
on
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Last Modified: 2018-08-27
Hi

I'd appreciate some advice on my home buying situation and options.

I already own a home in Bethany Beach Delaware, that I use for VRBO, and do pretty okay.

If I'd like to get a $1100,000 loan from Chase, what should I consider for a top shelf home?
With 600,000 down, At 4%, that makes the monthly $3,050 for the $500,000 interest portion, which I can totally handle for 30 years.
What should I know about getting $600,000 for the principal options? Must I just wait until I accumulate that? Ask Luca Brasi for some assistance?

Thanks
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Business Consultant (Owner)
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David Johnson, CDSimple Geek from the '70s
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James HancockSelf Employed

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Commented:
The Bethany home is on a 20 year...I am paying the mortgage, with guest payments helping out with the mortgage and what not.
Thanks
JohnBusiness Consultant (Owner)
Most Valuable Expert 2012
Expert of the Year 2018

Commented:
Thanks and good luck creating equity for a new place. I wish you well.
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