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You have no money for the down payment conserved yet, however you want to place 15% down. To obtain the 15% deposit, or $30,000, you'll need to conceal away $1,250 a month for the following 2 years. If you do not have the alternative to cash-out refinance, you'll need a strategy to save your deposit. Your other choice is to secure a bank loan, yet understand that your lender will certainly need a bigger down payment. While you can acquire your main residence with as low as 3% down, your villa will certainly need at the very least 10%-- and even better to 20%.
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