Beth Lynah's Blog

HOME DOWN PAYMENT OPTIONS

Posted by Beth Lynah-Vickers on October 21, 2018 in  Mortgages
A big worry for potential home buyers is that you’ll have to make a 20% down payment, but this is a common misconception, and you do have some options: 1. Seller Concessions: A seller may be willing to help the buyer with closing costs, and less closing costs equals more money that the buyer can use to for their deposit. Talk to your real estate agent. He or she may be able to negotiate concessions on the closing costs, ranging anywhere from 2% to as much as 9% of the overall sales price, depending on th... read more
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