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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: Down Payment
We didn't buy in LI. We got a 100% FHA loan. 0% down. Couldn't have a house with new appliances otherwise...since we used savings to buy "toys".
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Posted 4/25/06 11:29 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: Down Payment
We put down 33% - all from savings, and DH cashed out a few stocks he had been day-trading. It was our best investment yet.
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| Posted 4/25/06 11:34 AM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19461 total posts
Name:
L
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Re: Down Payment
We used all the money we received as wedding presents, some of our savings, and DH's company relocated us - so we were able to use the money from the relocation package for part of the downpayment and all of the closing costs. We put down about 25% of the purchase price of our home.
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| Posted 4/25/06 12:00 PM |
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KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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Re: Down Payment
Some from the wedding and some saved.
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| Posted 4/25/06 12:15 PM |
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Myrockette
~*~*~*~*~*~*~
Member since 5/05 5632 total posts
Name:
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Re: Down Payment
some saved, some received as a gift
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| Posted 4/25/06 12:16 PM |
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chellynyc
LIF Infant
Member since 4/06 164 total posts
Name:
Michelle
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Re: Down Payment
We're using the profit we are making from the sale of my co-op.
Message edited 4/25/2006 12:45:16 PM.
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| Posted 4/25/06 12:45 PM |
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My2Boys
Love.
Member since 10/05 4796 total posts
Name:
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Re: Down Payment
Savings.
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| Posted 4/25/06 12:51 PM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Down Payment
Posted by MYROCKETTE
some saved, some received as a gift
Us also!
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| Posted 4/25/06 12:52 PM |
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patti08
Happy
Member since 5/05 3893 total posts
Name:
Patti
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Re: Down Payment
Mostly Savings, Some wedding money, Some investment income.
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| Posted 4/25/06 12:55 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Down Payment
I did close to 100% financing on my first 65k property back in 2000.
Fast forward to now... everything I have bought consisted of a downpayment from RE profits.
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| Posted 4/25/06 1:06 PM |
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my3bugs
Mom of 2 Boys
Member since 5/05 4381 total posts
Name:
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Re: Down Payment
Saved to put down the 20% downpayment.
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| Posted 4/25/06 2:14 PM |
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Tumbalina
Better than the news!
Member since 2/06 2840 total posts
Name:
Angela
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Re: Down Payment
I thought more would reply from their parents, since I know alot of people who their parent's gave them the money. 
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| Posted 4/25/06 2:18 PM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: Down Payment
Savings. We bought about 6 months before the wedding so that money is going to home improvements.
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| Posted 4/25/06 3:27 PM |
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lucyloo
nope
Member since 1/06 9758 total posts
Name:
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Re: Down Payment
Most of it was money we had gotten from the wedding but we did borrow from my inlaws.
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| Posted 4/26/06 9:07 AM |
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MrsPornStar
Partners in crime
Member since 10/05 14656 total posts
Name:
Mama
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Re: Down Payment
We're going to use the $$ we got from the wedding & the $$ that we're saving every month.
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| Posted 4/26/06 12:29 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: Down Payment
We bought our house before we got married so I had the down payment from lots of commission checks. It was great to have the wedding money after the fact.
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| Posted 4/26/06 12:33 PM |
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: Down Payment
Posted by DjPiLL
I did close to 100% financing on my first 65k property back in 2000.
Fast forward to now... everything I have bought consisted of a downpayment from RE profits.
My house was about 4X that (in another state  ) and we did 100% financing. Actually, it's really rare to put any money down here...the most is 10% - there are many options to buy with whole financing. NY is one of the few states that you must put a lot of $$ down to own...I hope that changes soon for all of you out there looking!! 
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| Posted 4/26/06 6:13 PM |
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Kathy116
Hey baby!
Member since 6/05 1855 total posts
Name:
me
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Re: Down Payment
Saved, and sold a few stocks.
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| Posted 4/26/06 6:32 PM |
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Re: Down Payment
Saved
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| Posted 4/26/06 6:33 PM |
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CAJ
woulda, coulda, shoulda
Member since 12/05 3366 total posts
Name:
CJ
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Re: Down Payment
Saved...
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| Posted 4/26/06 7:39 PM |
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2Pisces
Life Coach
Member since 2/06 3337 total posts
Name:
Paige
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Re: Down Payment
Posted by julz33
we had the downpayment saved.
us too....we saved for a while. We put down 10% 
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| Posted 4/26/06 7:53 PM |
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Re: Down Payment
For our co-op we only had to put down 3% (this is 3 years ago). We used the profit from selling the co-op as a down payment on our house.
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| Posted 4/26/06 9:33 PM |
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jaysee00
LIF Adult
Member since 3/06 1647 total posts
Name:
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Re: Down Payment
Posted by KaRiSsA
Some from the wedding and some saved.
Same here.
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| Posted 4/26/06 9:56 PM |
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Kelly04
LIF Adolescent
Member since 8/05 841 total posts
Name:
Kelly
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Re: Down Payment
Posted by kaklesmay
We have no "profit" from our wedding- it cost us
Nobody gifting us anything
No prior homes we've owned to cash in
No investments that hit big
We are using plain old fashioned savings from working our hineys off
us too and sometimes it seems like we are never going to save enough to buy a home.
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| Posted 4/26/06 9:58 PM |
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Melbernai
I am a lucky Momma!
Member since 7/05 15652 total posts
Name:
Melissa
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Re: Down Payment
Posted by Kelly04
Posted by kaklesmay
We have no "profit" from our wedding- it cost us
Nobody gifting us anything
No prior homes we've owned to cash in
No investments that hit big
We are using plain old fashioned savings from working our hineys off
us too and sometimes it seems like we are never going to save enough to buy a home.
I am feeling the same way!!! We are totally just getting by, but we can't stay in a small apartment with a child for too long!
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| Posted 4/26/06 10:20 PM |
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