We are trying to sell our home in this slow market. We are considering dropping our price again, but start to worry if we will have enough from the sell to put money down on a new home. Are zero down loans still being offered to those with good credit? If so, should I just worry about making enough to pay for closing\fees\ect. I know that putting 20% will save me from PMI, but that just may not be an option if I want to sell my house.
Ah, Well 3% to 5% down will give me some more room to price my house below some of the competition. I don’t want to make killing in equity, I just want to make sure I have enough left over to pay everybody and get into a bigger house. We have baby on the way and need some room to grow. It would be nice to be in the new home before all the excitement starts, there is just alot of competition. Thanks.