Jay Deher with Real Estate Essentials sits down with Darin Rhodes to discuss a down payement. A down payment has to come from a source that you can document, for example a bank statement. There are several different loan options that will work for you. Darin lists the different types of ways you can show you have reliable ways of being able to put down a down payment and show that you have had that money in an account for at least 2 months. They discuss how cash will not work, you need a paper trail and you cant have a paper trail on cash.
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