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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
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John

8/22/2022 - Mon
ASKER CERTIFIED SOLUTION
John

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David Johnson, CD

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ASKER
James Hancock

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
John

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