Since the market has cooled off due to higher interest rates, our client was able to take advantage of the balanced market. The client was seeking an investment property. Their parents were willing to help with the downpayment by using their current home’s equity. We were able to assist with the downpayment from the parents home and the purchase of the investment property. Once their rental income is established, the client will reach out to the banks to see if they can refinance. We were able to provide an approval within 48 hours for both homes.
We strive to come up with a long-term plan when our client use our short-term financing solutions.
Purchase Downpayment from Parent’s Home Equity
Mortgage Amount : $450,000.00
