Comments on: How Much Do I Need for a Downpayment? http://blog.wethmangroup.com/2008/11/18/how-much-do-i-need-for-a-downpayment/ Thoughts, Opinions, and Rants and Raves about the DC Area Real Estate Market Thu, 20 Jan 2011 14:24:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Brandon Greenhttp://blog.wethmangroup.com/2008/11/18/how-much-do-i-need-for-a-downpayment/comment-page-1/#comment-64 Brandon Green Tue, 25 Nov 2008 00:46:00 +0000 http://blog.wethmangroup.com/?p=130#comment-64 Great explanation Katie! I'm going to link to this entry next week. Great explanation Katie! I’m going to link to this entry next week.

]]> By: Katie Wethmanhttp://blog.wethmangroup.com/2008/11/18/how-much-do-i-need-for-a-downpayment/comment-page-1/#comment-61 Katie Wethman Fri, 21 Nov 2008 00:26:00 +0000 http://blog.wethmangroup.com/?p=130#comment-61 Jason, thanks for your question. Yes, the downpayment is in addition to the closing costs (which run in the neighborhood of 3% in this area). BUT you CAN negotiate for the seller to pay your closing costs as part of your strategy. See my FAQ on the subject at <br/>http://katiewethman.blogspot.com/2007/12/faq-seller-subsidiescontributions-to.html<br/><br/>ive me a ring if you are searching for a home and want to discuss further. Jason, thanks for your question. Yes, the downpayment is in addition to the closing costs (which run in the neighborhood of 3% in this area). BUT you CAN negotiate for the seller to pay your closing costs as part of your strategy. See my FAQ on the subject at
http://katiewethman.blogspot.com/2007/12/faq-seller-subsidiescontributions-to.html

ive me a ring if you are searching for a home and want to discuss further.

]]> By: Jason P.http://blog.wethmangroup.com/2008/11/18/how-much-do-i-need-for-a-downpayment/comment-page-1/#comment-60 Jason P. Fri, 21 Nov 2008 00:13:00 +0000 http://blog.wethmangroup.com/?p=130#comment-60 I am confused about whether these percentages you are giving (3.5% for FHA, for instance) would be in addition to paying all closing costs (which can be significant on their own). Can you clarify whether we are able to roll closing costs into any of these loans, or if we would need the full closing costs in addition to the percentages you have mentioned? I am confused about whether these percentages you are giving (3.5% for FHA, for instance) would be in addition to paying all closing costs (which can be significant on their own). Can you clarify whether we are able to roll closing costs into any of these loans, or if we would need the full closing costs in addition to the percentages you have mentioned?

]]>