DB

DB

i know the norm is about 20%, but a realtor told me that some sellers would rather a larger DP and lower bid price.

does this make any sense? isn't the point of large DP to help the buyer not the seller? ie: larger DP, lower mortage, lower monthly payments.

Re: DB

No one? Or is just a ridiculously moronic question? I am only checking on what i was told.

Re: DB

We put a low DP and bid 10k lower than the asking price of the house. Hope this helps.

Re: DB

I think having a big down payment makes you look like a good candidate, meaning your mortgage won't fall through and you won't have any problems getting approved for your loan. This makes you more attractive to the seller.

Re: DB

Re: DB

I was told that the reasons sellers like it is because it shows that you are more likely to get a mortage. But in this day and age if you are not selling a prior home it is rare to put down 20%