Down Payment Options

29 Sep

As many know you are required to have a minimum down payment of at least 5 %.  This down payment can come from many sources such as a gift, savings, line of credit, credit card or a cash back from a lender.  Each option has certain criteria in order to move forward whether that is credit or GDS and TDS ratios.  For those without there own savings or the option to borrow the money, the cash back program is a great option, especially for those currently renting.  If you have a goal of becoming a home owner, this might be a great option for you.

Leave a comment

Posted by on September 29, 2011 in Uncategorized


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: