|
Most
buyers
do
not
have
enough
cash
available
to
buy
a
home,
so
they
need
to
obtain
a
mortgage
to
finance
the
purchase.
Since
you
will
probably
make
your
purchase
contingent
upon
obtaining
a
mortgage,
the
seller
has
the
right
to
be
informed
of
your
financing
plans
in
order
to
evaluate
them.
That
is
one
of
the
major
reasons
that
financing
details
are
included
in
your
offer.
Down
Payment
As
part
of
your
offer,
you
will
need
to
disclose
the
size
of
your
down
payment.
Once
again,
this
allows
the
seller
to
evaluate
your
likelihood
of
obtaining
a
home
loan.
It
is
easier
to
get
approved
for
a
mortgage
when
you
make
a
larger
down
payment.
The
underwriting
guidelines
are
less
strict. |
