Pitfalls And Warning Signs Of Making A Down Payment
When you already have a home, you may be interested in determining if a refinance is a good option. You will not have to worry about restrictions on down payments or some of the problems that can occur with a down payment. However, if you are considering purchasing a home in or the surrounding communities, understanding down payment restrictions is important. Gifting Of A Down Payment There are some programs that will allow you to use a gift for your home down payment. However, before you assume this, make sure you talk to your loan officer. Generally speaking, the lender…