Real estate blog entries tagged with down payment by David Rider (Peoples Mortgage Company)

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Home : Blogs : David Rider : David Rider's Blog : Tag "down payment"

down payment: Do we need Seller Funded Down Payment Assistance? - 11/25/08 12:18 PM

Let's look at Seller Funded DPA for a moment. The main reason folks in charge gave for not liking this program was that it "Increase" the purchase price, ultimately driving up home prices.
However, any assistance ultimately drives up prices. If a seller pays closing costs, it drives up the price, if a REALTOR receives a commission, it drives up the price, ifGovernment lets us write off the interest, it drives up the price and if we finance the property, it drives up the price. All incentives ultimately drives prices up.
The second argument is that 100% financing got us into … (0 comments)

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David Rider

Tempe, AZ

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Peoples Mortgage Company

Address: 3215 W Ray Rd, Chandler, AZ, 85226

Office Phone: (480) 788-9221

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