Jose Morales

Review of Engs Commerical Finance

Buyer Beware, 20% downpayments made to these accou...

Buyer Beware, 20% downpayments made to these accounts are not part of the loan. They will ignore the downpayment and still charge you 100%. You will literally pay 20% downpayment of a 120% loan. Basically Your downpayment does not count towards your principal payments.