DEPOSIT VS DOWN PAYMENT | WHAT'S THE DIFFERENCE BETWEEN A DEPOSIT AND DOWN PAYMENT | 1ST TIME BUYERS
Автор: Steven Kim Homes
Загружено: 2022-03-30
Просмотров: 14892
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Sooo excited!! Steve Kim Show Episode # 193!!
✅𝗗𝗘𝗣𝗢𝗦𝗜𝗧: A down payment is the TOTAL amount of funds that the buyer puts forward themselves to go towards purchasing a property.
✅𝗗𝗢𝗪𝗡 𝗣𝗔𝗬𝗠𝗘𝗡𝗧: A deposit is a form of security for the seller that holds the buyer accountable for completing on the agreement of purchase and sale once the deal goes firm.
✅𝙍𝙚𝙢𝙚𝙢𝙗𝙚𝙧 𝙩𝙝𝙞𝙨!! Deposit (due within 24 hours of subject removal) + Remaining Down Payment (due at completion) + Mortgage (due at completion) = Purchase Price 💰
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