I keep reading reports that claim getting a mortgage for less than $50,000 is difficult. I am planning to buy a condo for $60,000 and want to put down $20,000 to decrease monthly rates. Am I better going for a 20% down mortgage, which would raise the mortgage requested? Would there be more lender choices if I go with the latter strategy? Would credit rating make a difference, since mine is 800+
Read more: Can I get a mortgage of $40,000 without any trouble?
