Quote:
Originally Posted by Winsor_Pilates
In an indirect way, couldn't you get a secured LOC against your gold, than just use that $ to put your downpayment over 20%?
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Yes, you can get a loan against an asset of tangible value to cover your 20% down.
If you had 15% saved, the lending institution might give you a loan unsecured for the 5% extra it takes.
EDIT: To add to this post, I don't remember doing this for people unless we also held their Mortgage. In other words, don't expect to walk into a place and ask to be lent money for a down payment so you can finance the house elsewhere.