|
 |
| How Financing Details Affect Your Offer: |
|
| Most buyers do not have enough cash available to buy a home,
so they need to obtain a mortgage to finance the purchase. Since
you will probably make your purchase contingent upon obtaining
a mortgage, the seller has the right to be informed of your financing
plans in order to evaluate them. That is one of the major reasons
that financing details are included in your offer.
Down Payment:
As part of your offer, you will need to disclose the size of
your down payment. Once again, this allows the seller to evaluate
your likelihood of obtaining a home loan. It is easier to get
approved for a mortgage when you make a larger down payment.
The underwriting guidelines are less strict.
|
|
Home |
Listings |
Contact Us |
Buying |
Selling |
Local Area |
Links |
Mortgage
Calculator |
All information deemed reliable
but
not guaranteed and should be independently verified. All properties are subject
to prior sale, change or withdrawal. Neither
listing broker(s) nor Thompson Realty Inc. shall be responsible for any
typographical errors, misinformation, misprints and shall be held totally harmless. |
|
|
