Down Payment

When you find a home you want to buy, you'll have to come up with a down payment. Because of other financial obligations you may have, finding down payment funds can be one of the biggest challenges. Here are some ways to raise the funds:

•  Ask a Mortgage Specialist about low down payment mortgages.

•  Get a zero point mortgage - you'll need less money up front.

•  Obtain gift funds from a family member.

•  Borrow from your 401 (k) plan.

•  Ask the seller to offer concessions.