The Down Payment

November 23, 2009 by Rob Spring · Leave a Comment 

The Down Payment
The amount you have available for a down payment will affect what types of loans for which you can qualify. Down payments typically range from 3 to 20 percent of the sales price for the property.
Tips for Accumulating a Down Payment

Save
Look for ways to reduce your monthly expenditures to save toward a down-payment. [...]

Down Payment Alternatives

November 23, 2009 by Rob Spring · Leave a Comment 

Down payment funding alternatives
For many buyers, especially first-time buyers, saving up the funds for the down payment can be a seemingly insurmountable hurdle to home ownership. This doesn’t have to be the case. As your mortgage broker, I can help you find creative ways to come up with your down payment.

Using a gift for your [...]

Verifying Your Down Payment Sources

November 23, 2009 by Rob Spring · Leave a Comment 

Verifying Your Down Payment,
Closing Costs, Assets, Income and Debts
A critical step in the mortgage loan application process is to verify the sources for your down payment, closing costs and assets, as well as documenting income and debts. The lender uses this step to determine your qualifications as a borrower. 
Down Payment & Closing Costs
Documenting that the [...]