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Originally Posted by chemgear
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There are a few lenders that offer a "cash back" product which essentially acts as a down payment for the client.
The lender forwards the "cash back" the the lawyers office at time of closing for the down payment. The client then pays a higher interest rate for the term of the mortgage.
These cash back mortgages are tougher to qualify for. You have to have a sparkling application for them to approve you, but essentially no down payment mortgages are still available.