16 ideas to help you get money for a down payment on a home
By Marilyn Lewis of MSN Real Estate

Read entire article at: http://realestate.msn.com/article.aspx?cp-documentid=24451182

Coming up with a big pile of cash to buy a home may seem daunting, especially if it’s your first. If you are looking for a mortgage in Denver Colorado. Here’s expert advice on the many ways you can get a home loan Denver Colorado, along with 4 dead-end options to avoid.

1. Pull from savings
2. Liquidate miscellaneous assets
3. Sell stock options
4. Sell taxable investments
5. Cash in a life-insurance policy
6. Use a gift
7. Try your employer
8. Enlist a partner
9. State grants and loans
10. Your lender
11. Your seller (including builders)
12. Seller financing
13. Your real-estate agent
14. Your new employer
15. Tap your IRA
16. Borrow from your 401(k)

Dead-end options to avoid

You may have heard from friends and family about other strategies. Chances are, changing rules or interest rates have made them less effective. Don’t waste much, if any, time pursuing these:

1. Peer-to-peer lending:
2. The American Dream Downpayment Act
3. Private nonprofit gift programs
4. Section 8 homeownership vouchers

Brought to you by:

Colorado Mortgage Guy
Office: 303-818-0699

19519 E Parker Square Dr
Parker, CO 80134


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