Use Your Real Estate Professional
Like any part of purchasing a new (to you) home, the down payment is negotiable. Just work with your real estate professional to get to something "reasonable". Let no one tell you that there are hard and fast rules on the down payment that apply across the board - there aren't. Certain lenders may have requirements you must meet in order to use them and many are similar but everything is negotiable, to some extent.
Last edited by Bryan; 01-04-2009 at 10:02 AM.
|