Link to home
Start Free TrialLog in
Avatar of James Hancock
James HancockFlag for United States of America

asked on

Any solid advice for house buying - finance?

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
ASKER CERTIFIED SOLUTION
Avatar of John
John
Flag of Canada image

Link to home
membership
This solution is only available to members.
To access this solution, you must be a member of Experts Exchange.
Start Free Trial
SOLUTION
Avatar of David Johnson, CD
David Johnson, CD
Flag of Canada image

Link to home
membership
This solution is only available to members.
To access this solution, you must be a member of Experts Exchange.
Start Free Trial
Avatar of James Hancock

ASKER

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