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Originally Posted by 3 Justin 3
Damn, for $99,000 that's a good price. Say if I were to buy one of these places how does it work? Buy it outright or can I mortgage it?
I am only 20 and have never bought a house obviously but I want to move out in 2-3 years if I can.
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Rule of thumb I've always heard is you can get a new mortgage as long as you're going to be borrowing 50,000 or more, although I understand it can be a bit tougher if you're going to borrow 100,000. Get a good mortgage broker and it shouldn't be a problem.