Borrowedd Downpayment

Flex Down – Borrowed Funds

Target Client:

Despite having good credit, you have not been able to save up the required down payment. Clients can borrow the required down payment from a LOC, credit card or other source. Payments on borrowed funds must be included in TDS.

Advantages:

• Gives clients up to 95% financing
• Down payment will not be amortized with the mortgage, potentially saving money in interest charges
• Both fixed and adjustable rates are available

4 Payment Frequencies (Monthly, Semi-Monthly, Bi-weekly, Weekly)

Full Prepayment Privileges 

 

This is just one of the products I offer to better meet client needs, today!