Is it better to do a mortgage w/repairs in the loan or pay4 repairs outofpocket w/smaller downpayment?
I have $ 25,000 available for a down payment on a house. The sale price of the house is $ 103,000 and we need to do about $ 20,000 in repairs. Would it be better to include the repairs in the mortgage and do a 20% down payment. Or would it be better to do a mortgage for $ 103.000 with 3.5% downpayment and pay for the repairs out of pocket?