http://www.midmorealty.com/blogs/down_payment_sources/default.aspxenCommunityServer 2.1 SP1 (Debug Build: 61019.2)http://www.midmorealty.com/blogs/down_payment_sources/archive/2007/01/25/creative-sources-for-downpayments.aspxThu, 25 Jan 2007 19:49:00 GMT9624941f-b6b7-4c40-bcaf-2864c8e54759:22688William & Andrea Wallace0http://www.midmorealty.com/blogs/down_payment_sources/comments/22688.aspxhttp://www.midmorealty.com/blogs/down_payment_sources/commentrss.aspx?PostID=22688<p>You&#39;re finally ready to take the big step of purchasing your own home, but you&#39;ve run into a snag....the dreaded downpayment.&nbsp; Sometimes a little creativity goes a long ways.&nbsp; Here are a few ideas that we&#39;ve seen Buyers use successfully.</p><p>*Savings</p><p>*Sell a car, boat or other &quot;toy&quot; you can live without for now and replace later.</p><p>*Receive a tax-free gift from parents, grandparents or other relatives.</p><p>*Equity share with parents or friends.</p><p>*Asking the seller to help you with the financing.</p><p>*Borrow against a pension plan or life insurance policy.</p><p>*Use your business as collateral.</p><img src="http://www.midmorealty.com/aggbug.aspx?PostID=22688" width="1" height="1">