Do you need money for a down payment Video

Do You Need Money For A Down Payment

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By: MonkeySee.com - Business

MonkeySee.com is leading producer of lifestyle focused how-to content with over 10,000 videos spanning 169 subcategories.

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Do you need money for a down payment -

Jeff Thomas, mortgage advisor, explains the steps you have to go through when buying a house, like if you'll...

Do you need money for a down payment -

Jeff Thomas, mortgage advisor, explains the steps you have to go through when buying a house, like if you'll need money for a down payment

Added: 8/3/09

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do you need money for a down payment buying a house How to Get Credit jeff thomas monkeysee mortgage mortgage advice

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Do You Need Money For A Down Payment

Will I need money for a down payment? Down payment is what the lender wants to ensure that you’re going to make your payment and again, they want a reliable stream of income from you every month according to the terms of your mortgage note. So, the question that you need to ask yourself is A, do I have money to put down on my house? And B do I want to put that money down? And if I don't need to, can I keep that money in the bank so if I have a problem that I can actually draw against that money to get myself out of the problem but capacity income is simply the down payment that Fannie Mae and Freddie Mac typically want to give them a warm and fuzzy feeling that you are going to make the terms of your mortgage note and pay the house because they do not want to have your house. They just want you to pay the mortgage back.

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Will I need money for a down payment?
Down payment is what the lender wants to ensure that you’re going to make your payment and again, they want a reliable stream of income from you every month according to the terms of your mortgage note.
So, the question that you need to ask yourself is A, do I have money to put down on my house? And B do I want to put that money down? And if I don't need to, can I keep that money in the bank so if I have a problem that I can actually draw against that money to get myself out of the problem but capacity income is simply the down payment that Fannie Mae and Freddie Mac typically want to give them a warm and fuzzy feeling that you are going to make the terms of your mortgage note and pay the house because they do not want to have your house. They just want you to pay the mortgage back.

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