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Seller financing continues to grow in popularity as banks tighten requirements. One question that many potential buyers ask is: “How much will I need to put down in a seller financed deal?” In the current market, most sellers expect that buyers looking for financing will bring less cash to the table than required for a conventional [...] [...more]
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Now that most lenders require a mandatory 20% down payment, potential borrowers are frantically searching for alternatives. Fortunately, one of the best ways to make a small down payment is relatively easy: take out an FHA insured loan. The FHA (Federal Housing Authority) is a government agency designed to help citizens purchase their own homes. While [...] [...more]
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When I purchased my home in 2005, there were tons of options for borrowers who couldn’t bring a down payment to the table. In fact, it was possible to take out a mortgage without putting any money down or even submitting documents (a no-doc mortgage is based on a borrower’s credit score alone). But, these days [...] [...more]
