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What else can I help you with?
What percent down payment to buy a 250000.00 home?
What is the minimum percent down payment to buy a 250,000.00 home?
Can a parent receive money for a down payment on a home from a minors estate?
Bit of a challenge here. A minor is not able to contract to buy a home, so how could there have been a down payment. If they are actually an adult, and made a down payment on a home, the parents are a natural heir. They can make a claim against the estate.
Do you have to pay cash to buy a foreclosed home?
Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.
Can you buy something and take it home if you provide a down payment?
Yes, if your down payment is not the starting payment for a layaway purchase. A layaway plan provides a consistent mechanism for a person to buy a product that they cannot currently afford. That person will put down a payment (known as the "starting payment," "first layaway payment" and "securing payment") and will make subsequent payments until the product is paid for. At that point, the person may bring the product home. More traditionally, a down payment is made on something that you want to take home immediately, reducing the amount that one has to borrow (or finance) to do so. One sees down payments (and associated financing of the rest of the purchase price) on larger ticket items including: home appliances, vehicles, computers, etc. If you wish to buy something that you have a down payment for but do not have enough money to pay for the whole thing, be sure that you choose a seller that provides financing (either in-house or through a third-party).
How would I be able to obtain a home loan if my credit is bad?
You may be able to still buy a home. Why is your credit bad? Do you have a down payment?
How can one buy a home with no money down?
It is possible to buy a home with no money down, though it is not generally recommended. Some alternatives are to offer an object (such as land, a car, or a valuable collection) as down payment instead of cash; purchasing a foreclosure, some of which require no down payment; receive a VA or FHA loan; or pursue a rent-to-own option.
What kind of down payment is needed for a home loan?
The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.
Can you use land as a down payment when purchasing a home?
Yes, it is possible to use land as a down payment when purchasing a home. This can be done by using the equity in the land as part of the down payment for the new home.
Where does the down payment go - to the seller or the bank?
The down payment goes to the seller when you buy a house.
what application do i fill out in order to obtain grant money for down payment of a home?
is there grant money for down payment of a home
Can you use a second mortgage as a down payment?
You can use a 2nd mortgage on a home for the down payment of another home. The payment for the 2nd mortgage will need to be added to your debt ratios.
Where can one obtain a bad credit home loan with no down payment?
It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.
