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How much is your down payment?

By
Real Estate Agent with The Davidson Team - Premier One Properties

Perhaps the most challenging part of buying a home is coming up with the down payment, unless you have built up equity in your current home. How much home you can afford depends on the amount of your down payment and how much you have been pre-approved to borrow. Funds for a down payment can come from:

* savings

* investments such as stocks and bonds

* gifts from relatives

* company bonuses

* equity in your current home

* equity in other assets

* life insurance policies

How much is your current home worth? The Davidson Team is happy to provide you with a market valuation so you will know exactly what it's worth and exactly how much equity you have for a down payment on your next home. Click here http://www.wenatcheehouses.com/home_worth.php for our complimentary Over-the-Net home valuation. Or, call us today to schedule an thorough, in-home valution today!

Warm regards,

The Davidson Team

"Start Packing Today!"

Ross Quintana
Real E Smarter - Spokane, WA
Real E Smarter Real Estate Coach - 509-362-1966

Yeah, usually we can negotiate them into the deal. I tell people making a large downpayment is not a good use in most cases for their money, 5000 down won't change your payment maybe $10 a month, while paying off that 5000 credit card with payments of $200 a month is a smarter move.

May 09, 2008 08:20 AM