Owner will assist with closing cost

Most home buyers expect to pay a down payment in order to purchase the home and obtain a mortgage. Along with a down payment, financing a home also requires the buyer to pay closing costs in order to obtain the loan.

The good news for home buyers is that sellers will often contribute towards paying a buyers closing costs. Lenders will often allow a seller to contribute 3-6% towards the buyers closing costs.

When you make an offer on a home and you desire the seller to help with your closing cost, make sure you ask for the seller's contribution in detail on the purchase contract.

To find out how you can get the seller to help you with your costs, contact me for a free consultation.


Related Florida real estate views:

Buyers are choosing fixed rate mortgages

I would not buy a house in Florida.

Obtain an FHA home loan when buying your next home


- Greg Staker - Watson Realty Corp. - 407-304-0255

Realtors should not write home loans

I do not understand why some real estate companies allow their associates to work as mortgage loan consultants. With mortgage fraud so prevalent in this country, it would seem to me that the risks out way the benefits of having agents work in this dual role.

Watson Realty Corp has a separate mortgage company with loan consultants who only handle home loans. Real estate agents who work with Watson Realty Corp. do not write loans, broker loans or act as mortgage officers.

Having this policy in place goes a long way in helping us avoid situations like the one discussed on this blog.


Related Florida real estate views:

Buyers are choosing fixed rate mortgages

Is customer service improving as the market weakens?

Mortgage insurance premiums may be tax deductible


- Greg Staker - Watson Realty Corp. - 407-304-0255

Now an easier way to apply for a home loan in Orlando

I have added a page that will allow you to view all the resources available through Watson Mortgage. You can use the financing calculators or go right to the loan application. My hope is that you will find it useful and convenient to shop for a home and financing from the comfort of your home.