Borrowed Down Payment
With all mortgages, you need to have at least a 5% down payment saved up. Don’t have it? Don’t worry. We have mortgages available so you can borrow the down payment from a loan or line of credit and still get the best rates available. We can even help you set up the line of credit.
This is a great way to take advantage of low interest rates and housing prices without having to wait while you save up the down payment. The minimal amount of interest you would pay on the loan, compared to the potential higher difference in future interest rates and housing prices, puts you further ahead when you buy now. Contact us today to find out how we can help you get into your dream home.