Steve Heathman - GREEN, e-PRO
Steve@TiptonTnSteve.com

(901) 831-1394



USN,Retired
Relocation Services Millington
Military - House hunting - Short notice - call me night or day I will work until we find your new home.

Short notice transfer. I will aggressively Market your home using all the latest technology, huge numbers of Digital photos, color Brochures, Flyer's, email and MLS.
I am linked to Realtors across the United States to ensure your home gets maximum visibility.


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  Down Payment

The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

Saving for a down payment is usually one of the most difficult parts of preparing to buy a home. If you believe you have the needed funds, you are in a better position to seek pre-qualification from a lender to get the mortgage that is right for you.

Most homeowners rely on a mortgage from a financial institution, and most mortgage products require buyers to include a portion of their own funds towards the purchase of the home. This is called the down payment. Lenders feel more secure when buyers include a down payment, indicating they are less likely to walk away from their investment if their finances take a downturn.

Historically, buyers usually made a down payment that totaled 20 percent of the home's purchase price. Under this scenario, a down payment for a $100,000 home is $20,000. But today, new mortgage products allow buyers to put down as little as 3 percent to 5 percent, provided private mortgage insurance is obtained. The down payment for a $100,000 home with 5 percent down payment is just $5,000.

Sources for down payments may come from buyers' savings accounts, checking accounts, stocks and bonds, life insurance policies, and gifts.




 

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10620 HWY 51 So., Atoka, TN 38004 tel: 901-831-1394 fax: 901-837-6818 Independently Owned and Operated.
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Information in this site deemed reliable but not guaranteed new or existing homes for sale in Tennessee, TN, Atoka, Munford, Brighton, Memphis, Burlison, Drummonds, Covington, Rosemark, Bolton, Braden, Quito, Kerrville, Memphis, Germantown, Collierville, Bartlett, Cordova, Arlington, Lakeland, Eads, Millington Oakland, Hickory Withe or Raleigh, including all Tipton, Shelby and Fayette County Real Estate & homes. Relocation Services to Atoka, Millington, Memphis. REO and BPO Broker services with CitiMortgage, First National Mortgage, BPO Tracker, Horizon Mgmt, Brentwood Asset Mgmt, Integrated Assets, Coast To Coast, Lenders Financial, Fidelity National Asset Mgmt, First American, Premiere Asset Services, USA Title, Asset Valuations, Lender Choice, Clear Capital, Midland Mortgage, REO Trans, REO Nationwide, Imortgage Services, Wells Fargo Mortgage, Goodman Dean, Keystone Asset Mgmt, MGIC, USRES, Solutions Valuations, Chase Manhattan, Nationwide REO Brokers, Option One, OCWEN, O'Marketing, PMI Mortgages, ServiceLink, National Link, USA Valuations, LSI/Market Intelligence Inc, MLS Data here is useful to buy or sell homes or other real estate homes, condos, Homes on a golf course like Fairway Estates, Links,and town homes in Tennessee, TN, Atoka, Munford, Brighton, Drummonds, Covington, Rosemark, Bolton, Braden, Quito, Kerrville, Memphis, Germantown, Collierville, Bartlett, Cordova, Arlington, Lakeland, Eads, Millington Oakland, Hickory Withe or Raleigh. MLS homes of a RealtorŪ or other buyer or seller. Data helps find MLS home, condo or real estate town home, MLS, or residential real estate other properties in Tennessee, TN, Atoka, Munford, Brighton, Drummonds, Covington, Rosemark, Bolton, Braden, Quito, Kerrville, Memphis, Germantown, Collierville, Bartlett, Cordova, Arlington, Lakeland, Eads, Millington Oakland, Hickory Withe or Raleigh. Steve Heathman serves these cities as a RealtorŪ. He serves real estate clients looking for homes and condos and town homes and lots and property in Atoka, Munford, Brighton, Drummonds, Covington, Rosemark, Bolton, Braden, Quito, Kerrville, Memphis, Germantown, Collierville, Bartlett, Cordova, Arlington, Lakeland, Eads, Millington Oakland, Hickory Withe or Raleigh and nearby cities, supplying MLS and schools information. His real estate buyers and sellers in Atoka, Munford, Brighton, Drummonds, Covington, Rosemark, Bolton, Braden, Quito, Kerrville, Memphis, Germantown, Collierville, Bartlett, Cordova, Arlington, Lakeland, Eads, Millington Oakland, Hickory Withe or Raleigh are NUMBER 1.

Steve Heathman, 2007


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