Posted on: 16th Sep, 2013 03:13 am
Will it be possible use a loan to supplement my down payment? I need to buy a home urgently.
You cannot take out a loan to supplement your down payment. The lender will not accept such a down payment. You should note that the down payment should come from your savings.
Hi Guest!
Welcome to the forums!
I agree with Niicss. The loan that you are speaking about is 80-20 loan. At present, 80-20 loans are hardly available.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with Niicss. The loan that you are speaking about is 80-20 loan. At present, 80-20 loans are hardly available.
Feel free to ask if you've further queries.
Sussane