Down Payments - know how to save for a down payment..................
Seattle buyers are finding less and less in the way of loan programs where they don't need a nice down payment. The simple fact is that 100% loans are for the most par tin the past - this is good news, really. Saving for a down payment is responsible behavior and although I admit to getting a few 100% loans myself in the past, I would put money down in today's market. A down payment is the door to a strong loan and a smooth closing whether you are buying Seattle real estate or Seattle suburb real estate. Recent buyers I have worked with who had bigger down payments had easier times when it came to closing. The mortgage companies also will require less in the way of conditions in many cases.
Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County. Seattle Real Estate and Seattle Suburbs! Cooper Jacobs Real Estate Services: Experienced REALTOR with a background in accounting - I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle (Ballard, Crown Hill, Phinney, Ravenna, Maple Leaf, Green Lake (Greenlake), Greenwood, Northgate, Lake City,University, Sand Point, Laurelhurst, Windermere, Fremont, Wallingford, Queen Anne, Westlake, Eastlake, Lake Union, Downtown, Madison Park), Shoreline, Edmonds, Brier, Lynnwood,Woodway, Snohomish, Mountlake Terrace, Lake Forest Park,Redmond, Kirkland, Bothell, Mill Creek, Everett, or other Seattle Suburbs!
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You have an excellent point. Having money to put down on a home allows you to have a fuller sense of ownership and this will help reduce the number of foreclosures thus helping the economy etc.
Pride of ownership. Now that is something everyone can use.
Best,
Scott