Seattle, down payments are back - here are some tips for getting that money!
This is how our parents and grandparents bought a house, and now having a down payment is a must when it comes to qualifying for a good loan! But where to find the money? Well, the first thing you should do is talk to a good Seattle lender - find out if you qualify for a house based on your credit and how much you can afford. The lender will also tell you how much of a down payment you will need. This will give you a good goal number. Make sure to consider closing costs which can run anywhere from $4000 to $10000 in some cases depending on your loan. In this market, I have been successful at getting the sellers to pay for the closing costs most of the time. If money is tight, then tell your agent you want seller to pay closing costs and focus on your down payment amount.
It is amazing how the little things add up!
Obviously cut back on travel, credit card interest, etc., but what about these? Look everywhere in your life and you will be surprised at how fast you can save the money...
Down Payment Money Tips
Try some and see how fast the savings add up!
Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County. Seattle Real Estate and Seattle Suburbs! Cooper Jacobs Real Estate Services: Experienced REALTOR with a background in accounting - I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle (Ballard, Crown Hill, Phinney, Ravenna, Maple Leaf, Green Lake (Greenlake), Greenwood, Northgate, Lake City,University, Sand Point, Laurelhurst, Windermere, Fremont, Wallingford, Queen Anne, Westlake, Eastlake, Lake Union, Downtown, Madison Park), Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs!
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Hi Courtney,
The "Down Payment Money Tips" is a very good list. Another thing people can do is look at the thrifty folks that have gone through the depression. Mom cuts coupons from the Sunday paper every week and usually buys groceries when they are "on sale" besides. I could go on and on about how she pinches pennies!