DON’T TRY TO BUY A HOUSE OR CONDO WITH ONLY 5% DOWN!

November 8, 2014 by OSYB Staff

A closing date was set and the client put his furniture in storage and moved into his father’s apartment temporarily – and put a 20% down payment on a new home in Florida.  Again at the very last minute – days before the scheduled closing – the mortgage fell through because of the minimal down payment.