Trying to buy a home? New Ways to Come Up with a Down Payment!
If you are thinking of buying a home, especially a short sale, you will need a minimum down payment of about 3.5 percent of the purchase price. You might begin to panic if you don't know where to begin. But there is no need because I have prepared five ways you can come up with a down payment to seal the deal. 1. Gift Money: Yes you can use Gift Money for your down payment. Money that was given as a gift from family or documented close relationship can be used towards a down payment. The giftor needs to provide a gift letter and a paper trail for amount they are gifting for the benefit of the buyer. In addition, they will have to provide a...
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