Zero Down Alternative
80% first mortgage
15 % second mortgage with the option to become 20%
Second is Home Equity Line of Credit with Interest Only Payments
60 days after closing you can pull back out initial 5% down payment
Reduces closing costs based on 80% first mortgage, not 100% first
80 % first is at normal rates not inflated due to 100% loan
5% down can be gifted from a relative
Closing costs and pre-paids can be paid by seller
Both loans with the same lender creating an easier close
For more information, email or call Dan at 425.605.3130