Rhonda Porter who writes a mortgage blog, The Mortgage Porter, recently wrote an excellent article about how sales concessions may result in an increased down payment amount.A sales concession is something that is not part of the real estate, such as cash, furniture, automobiles, decorator allowances, moving costs, or other giveaways . The value of the sales concession must be deducted from the sales price when calculating loan to values. For example, if you have a sales price of $200,000...
aggregated: 39 weeks 2 days ago | 17 views
|
Subscribe to 
