Month: December 2012

Down Payment for Home Purchases – part 2

In this second of a two-part series, Mark Wells of Preferred Financial Services answers customers’ questions regarding down payment funding: The house I am buying is worth more than I am paying for it. Can I use the equity as down payment? The answer is “no” for all programs, except in a “non-arms length” transaction—when […]

Full article

Down Payment for Home Purchases Part 1

Having the funds for a down payment can make the difference between obtaining a loan or not being able to purchase a home at all. This week and next, Mark Wells of Preferred Financial Services answers some of the many questions customers have regarding down payment:

Full article