Consider your down payment
Updated: Mar 27
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, 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.