Real Estate Blog - Sources of Down Payment

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Sources of Down Payment

One of the most appreciated services offered by buyer agents is helping buyers find the source of the down payment to buy their new home, especially when they thought they couldn t afford it. Below, you will find a partial list of some potential sources for a down payment.

Equity in your current home
Cash value life insurance
Gift from relatives
Equity in a car or other asset
Year-end bonus
Currently in the Phoenix area, Builder Incentives often cover down payment and monthly payments for up to the first 12 months!

There are other sources besides the ones listed. If you are unsure about the practicality of any of these, please consult your financial planner or tax advisor.

Posted by Tony Marriott, Associate Broker, CRP, CLHMS, CRB, CRS ~~ Phoenix Arizona on 10/08/2006 09:20 AM

Comments (2)

down payment, equity, life insurance, gift, bonus, builder incentives

Originally posted at: Tony Marriott's Phoenix Arizona Real Estate Blog: Sources of Down Payment

2 Comments on Sources of Down Payment

OCT

2006

Great information Tony! Those builder incentives are a huge souce for first time buyers. What a change from two years ago.

DEC

2006

Builder incentives are still going as strong, if not stronger, in a desperate effort by the builders to get homes off their books by 12/31/06.

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