can i borrow money for a downpayment on a house

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First-Time Home-Buyers: How Much Do You Really Need to Save. – Saving for a new home can seem like an insurmountable challenge, Motley Fool Money · Marketfoolery · Industry Focus · Motley Fool Answers · Rule Breaker Investing. of the cost of a house on hand in savings to account for the down payment.. So, if you borrowed $270,000 on a $300,000 home — in other words, your.

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Can You Use a Loan for Your Home Down Payment? – Can You Use a Loan for Your Down Payment?. While you can’t use a loan for a down payment on a house, here are some other ways you can come up with your down payment.. If you’re borrowing money from one of your investment accounts you will have to repay what you borrow. These payments.

Should I borrow money for my down payment? – ComparaSave – Read to find out if you should borrow for your down payment.. Should I borrow money for my down payment? September 13, 2012.. So obviously it can save you a lot of money to come up with a larger down payment.

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Where can I get money for a down payment on a home mortgage? – In some cases, you can borrow money to make a down payment. However, you should carefully consider that option since borrowing your down payment would increase your overall debt and your monthly payments. Sometimes local non-profit or government organizations can offer you a second mortgage on special terms to replace a down payment.

Borrowing Money for Down Payment | LendingTree – Considering borrowing money for a down payment? Learn how borrowing from a lender, a 401K, or a family member can help make home buying more affordable.. J.J. Burns, a New york-based certified financial planner, added that borrowing against your house for a new down payment can be a double.

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