HawthorneVillager.com

Hawthorne Village (Milton) Discussion Board
It is currently Tue Apr 21, 2026 7:02 pm

View unanswered posts | View active topics


Board index » Hawthorne Village, Milton » Hawthorne Village - General

All times are UTC - 5 hours




Post new topic Reply to topic  Page 1 of 1
  [ 4 posts ] 
  Print view Previous topic | Next topic 
Author Message
macbcomm
 Post subject: Deposit
PostPosted: Mon Jul 30, 2007 7:36 am 
Offline

Joined: Fri Mar 10, 2006 8:55 pm
Posts: 69
Does the initial deposit have to be "cash" you have saved or can the deposit be made using a line of credit?
Top
 Profile  
Reply with quote  
gcpeart
 Post subject:
PostPosted: Mon Jul 30, 2007 7:41 am 
Offline
User avatar

Joined: Wed Mar 09, 2005 9:55 am
Posts: 1356
Location: 14C - Lot 82 - Upland B
Mattamy doesn't care where it comes from. From the bank's perspective, what ever you pay to Mattamy as part a deposit counts towards your down payment %.

_________________
14C - Lot 82 - Upland B
Roleplaying Game Software for your iPhone: RPGTouch
Top
 Profile  
Reply with quote  
hockeymortgagemom
 Post subject:
PostPosted: Mon Jul 30, 2007 7:46 am 
Offline

Joined: Thu Jul 21, 2005 10:22 am
Posts: 2228
Location: Heathwood- Playfair Terrace
be careful that you have a chat with your bank, as if in the end, your deposit remains from a line of credit, it is not from your own resources, as well, the liability has to be used in your credit application for qualifying. However, if you are using it as a temporary facility for example until you list and sell your existing house, ultimately your deposit/downpayment is from the sale.

Hope this helps, if you wanted further info, I'd be happy to help.
Jessica :)
Top
 Profile  
Reply with quote  
kf095
 Post subject:
PostPosted: Mon Jul 30, 2007 11:39 am 
Offline
User avatar

Joined: Tue Dec 13, 2005 4:23 pm
Posts: 2894
Location: New Milton
We were using our line of credit to buy Mattamy home.
At our bank they told us it was not possible before. But they changed it about two years ago.
We closed it right after closing day. But if something is left, no reason, it is better to refinance it under mortgage.
Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 1
  [ 4 posts ] 

Board index » Hawthorne Village, Milton » Hawthorne Village - General

All times are UTC - 5 hours


Who is online

Users browsing this forum: No registered users and 10 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group
[ Time : 0.030s | 11 Queries | GZIP : Off ]