What’s Down Payment For A House? Be sure to subscribe to her YouTube channel for all of your real estate tips, home tours and advice!
The average buyer will have to consider a down payment in order to purchase their home. And what this is the difference between the purchase price of what the buyer is purchasing the home for subtracted by the loan amount, which is the amount that the mortgage lender is willing to loan the buyer in order to purchase the home.
For example, a home that they’re purchasing is $500,000 and the loan amount is $450,000. This means there’s $50,000 of a down payment that needs to either come from the borrower’s own funds or some down payment program that’s helping with those funds, or whether the buyer qualifies for a VA loan or other circumstances.
So if you have any questions, please leave a comment below. Please share with anyone you think it’d be helpful to. And as always, close with Patrice.
This has been “Is Selling A Home Capital Gains?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channel for all your real estate tips, home tours and advice. Get your FREE listing consultation or buyer’s consultation to learn more about the buying and selling processes including more information on capital gains tax.
Check out more home seller tips and home buyer tips to learn more on the home selling process and home buying process as well and feel free to reach out to us should you have any questions or concerns or want us to help you with your real estate needs at (248) 780-2518. We are always happy to educate and help our clients through designing the right real estate solutions so they can live the life they desire.