Is It A Scam 10

sellhouser profile photo

i own a 7 unit which i bought with 25% down, now i plan to buy a 12 unit with 10 % down , can i get a 10% down loan realistically without any seller financing or other creative ways
one of the direct lender says he can do it but my seller and agent are doubting that he is lying and its not possible and they have never seen 10% down commercial loan.
how can i verify that this is really true .

can i just ask for some written proof which willl assure me and everybody else that the broker is not faking. or is it a scam to get fees from you.
please help.....its very imp.

thnx

Comments(1)

  • karensilver2nd February, 2005

    Get a loan comentment. And ask for a copy of the truth in lending.

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