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Real Estate - Home ยป FAQs ยป Down Payment

Down Payment

January 26, 2023 By Libby Guthrie Leave a Comment

A

Down Payment

Posted by Libby Guthrie
Down Payment
Down Payment

What is a down payment?

The sum in cash that you can afford to pay at the time of purchase of a home or property.

A conventional loan down payment is usually 20% of the sales price, but other types of financing require as little as 3.5% to 15%. Some 0% down programs are also available.

A mortgage lender can tell you what types of loans you qualify for.

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Tags: Homebuyer Terms, Real Estate Terms

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guthriegrouphomes

Libby Guthrie
Keller Williams Realty
Knoxville, TN
Office: 865-966-5005 โ˜Ž
Cell: 865-364-0200 ๐Ÿ“ฑ
Good People, Great Homes! ๐Ÿก

Guthrie Group Homes Knoxville
๐—ฅ๐—ถ๐—ฑ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฆ๐˜๐—ผ ๐—ฅ๐—ถ๐—ฑ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฆ๐˜๐—ผ๐—ฟ๐—บ ๐—ข๐˜‚๐˜: ๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎโ€™๐˜€ ๐—œ๐—ป๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—–๐—ฟ๐—ถ๐˜€๐—ถ๐˜€โฃ
โฃ
Take a closer look at the storm that new homeowners in California and Florida are facing as insurance companies deny writing insurance policies.โฃ
โฃ
Understand the vulnerabilities caused by this crisis, learn about the reasons driving policy denials, and explore actionable steps to protect yourself in the face of this insurance crisis.โฃ
โฃ
The entire nation is at risk from insurance companies denying new policies and cancelling current homeowner policies.โฃ
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So read this as if your life depended on it. It may in the future.โฃ
โฃ
~ Kenโฃ
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Article link in bioโฃ
โฃ
#realestatetips #insuranceadvice #knoxvilletn #tennessee #homebuyertips #homeownertips โฃ
#instagramtennessee #knoxville #govols
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