Down Payment Questions Answered

What percentage of down payment is required to purchase a house?  Where can a down payment come from?  What are the rules associated with down payments?  Can you borrow from someone else to come up with the down payment?  Can someone "gift" you the money?  What IS a down payment anyway?
 

Figuring out just how much you can afford when looking for financing to purchase a new house can be confusing and sometimes scary.  Knowing how much of a down payment to save up for, and why you need to make one are commonly asked questions.  Whether you're a first time home buyer or an "old pro", questions about your down payment can be overwhelming.  Check out the article below to better understand the whole "down payment" issue. 


 

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Need further help or answers to other questions associated with buying of selling a home?  Please don't hesitate to ask!  I can help make your dreams a reality!

Posted on October 8, 2015 at 8:33 am
Tani Wouters | Category: Marketing

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