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Our real estate broker is offering an incentive on our closing because we are selling our current home with them and buying a new one with them. Does this count as a “Buyer” contribution in terms of the 7% limit?
yes! that’s possible but it’s still considered as your funds
Yes, the realtor contribution will count toward your seven point cap. Anything that isn’t either the bank match or a seller contribution is considered part of the buyer’s contribution.
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