The Mortgage Brothers Show

Lightning Round: Top 10 questions about down payments

June 16, 2020 Eddie and Tom Knoell Episode 50
The Mortgage Brothers Show
Lightning Round: Top 10 questions about down payments
Chapters
The Mortgage Brothers Show
Lightning Round: Top 10 questions about down payments
Jun 16, 2020 Episode 50
Eddie and Tom Knoell

Common Questions

  1. Can I use money from my business accounts as part of the down payment?
  2. Can I Use Cash or a gift as Part of the Down Payment?
  3. Do I have to put a larger amount down on investment properties?
  4. What is the minimum down payment for a mortgage (Are there zero down mortgage loans)?
  5. What’s better to pay PMI to save my cash? 
  6. What is the connection between the down payment and the LTV?
  7. If the appraised value of a home exceeds the sale price, can the difference be applied to the down payment?
  8. Can a home seller contribute to the buyer’s down payment?
  9. Is it wise to withdraw funds from a 401K to make a down payment?
  10. Can the lender contribute to the buyer’s down payment in exchange for a higher interest rate?
Show Notes

Common Questions

  1. Can I use money from my business accounts as part of the down payment?
  2. Can I Use Cash or a gift as Part of the Down Payment?
  3. Do I have to put a larger amount down on investment properties?
  4. What is the minimum down payment for a mortgage (Are there zero down mortgage loans)?
  5. What’s better to pay PMI to save my cash? 
  6. What is the connection between the down payment and the LTV?
  7. If the appraised value of a home exceeds the sale price, can the difference be applied to the down payment?
  8. Can a home seller contribute to the buyer’s down payment?
  9. Is it wise to withdraw funds from a 401K to make a down payment?
  10. Can the lender contribute to the buyer’s down payment in exchange for a higher interest rate?