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Text Box
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Information boxes such
as these can be used when you want to catch the reader's attention with
something a little different.
To copy this box, click once inside of the table. Go to Table > Select >
Table. Now go to Edit > Copy. Just paste to your new location. Delete the
existing text and replace it with your own.
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Allowable sources for obtaining your
down-payment
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Equity from the home you already own. Sell
the home and use proceeds to move into next home. Or take out a
second, rent the original home and use the equity to leverage your
new home. |
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Home Equity Loan-Family members may have a
considerable amount of equity built up in their own home that they
were planning to borrow against in order to gift money to you. At
some point in time it is beneficial for parents to start "gifting"
to their children, as a form of tax advantage. |
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Life Insurance-If you have a cash value
policy, it may have matured enough to provide additional funds to
your down payment. |
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Stocks and bonds-You can either sell the
stocks and bonds or use them as collateral on a loan for down
payment. |
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Company Profit Sharing or Saving Plan-Check
with your employer to see about the possibility of withdrawing or
borrowing from this account. |
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Retirement Savings Plan (401k) - If your
employer offers this type of plan, inquire about the possibility
of withdrawing or borrowing from this account.
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BuySellDenverHomes.com © 2002
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The Berkshire Group Realtors, Inc.
3801 E. Florida Ave Ste 502, Denver, Colorado 80210 U.S.A.
800-250-4725 or 866-260-2976
Toll Free
303-350-5838
© Copyright 2002
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