Falling interest rates sweeten real estate deals

December 12, 2007

It is now common for developers to offer a 3-part financing package. A 10-10-80 deal would mean that you put in a downpayment of 10 percent, another 10 percent of the gross price is to be amortized over a fixed period of time and the balance of 80 percent of the gross price is to be paid once the unit is turned over to you after the fixed period. One can also get a 20-10-70 arrangement and the fixed period is usually between 24 to 36 months. Interesting Q&A

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