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When is down payment due when building a house
The act of buying a house feels like a pivotal, exciting, momentous, and even romantic endeavor. You’re taking a leap into the next phase of your life — making a home your own for the long haul or to use as an investment stepping stone.
While this may be the stuff of daydreams, the actual process of buying a house is much less sexy.
It’s meticulous, calculated, and full of logistical maneuvers. However, it’s all necessary for nabbing that home of your dreams.
One of the many steps along the way that you might not fully understand is the matter of down payments.
Is earnest money refundableThe down payment on a home gets your foot in the door, and the mortgage lets you move in. It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller?
Down payment due dates can be a bit of a gray area.
There’s not a specific way to approach the down payment, nor one set amount. The size of your down payment can depend on a variety of factors, like where you’re buying, how much you hav
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