Consider Your Down Payment

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Real Estate

Consider your down payment

Almost all home buyers will have to come up with a significant down payment, typically 20% in today's market, in order to qualify for a traditional mortgage.

A down payment can come from many places: savings, investments such as stocks and bonds, gifts from relatives, company bonuses, equity in other assets, and life insurance policies, to name a few.

If you currently own a home, then you may want the equity you have built in that house to serve as the down payment on your next home.

But how much is your current home worth? I would be happy to provide you with a market valuation so that you will know its current value. Give me a call today.