196 views
Todd Scott
- 2 Helpful Answers
- 10 Answers
- 1 Blog post
Locations:
Profile Link:
About:
Todd Scott is a former Financial Analyst with Dun & Bradstreet, Inc.; President and CEO of Franklin Carnegie Financial Services, Inc.; and is a Senior
... show more
Todd Scott answered:
Daniel,
Nope.
If the seller wants a minimum of 25% down and you want to 50% that's OK. You have met or exceeded the minimum. The Escrow Company or real estate attorney holds your $80,000 in escrow to give to the seller and you take out a loan for the balance, in this case only $110,000 plus some closing costs and fees.
Your down payment is not in addition to the 25%; the 25% is included in your 50%.
Best of luck
R. Todd Scott
Senior VA FHA Loan Specialist
iFreedom Direct
CA & TX Loans
800 891-5785 X4625
Nope.
If the seller wants a minimum of 25% down and you want to 50% that's OK. You have met or exceeded the minimum. The Escrow Company or real estate attorney holds your $80,000 in escrow to give to the seller and you take out a loan for the balance, in this case only $110,000 plus some closing costs and fees.
Your down payment is not in addition to the 25%; the 25% is included in your 50%.
Best of luck
R. Todd Scott
Senior VA FHA Loan Specialist
iFreedom Direct
CA & TX Loans
800 891-5785 X4625
|
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Todd Scott is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback