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.
Homes for sale 
