Multi Unit Purchases New Downpayment Requirements
We have some BIG News to share with you this week in our Mortgage Tip of the Week. This will go into effect November 18th.
Can you imagine a 25% downpayment on a property dropping to a mere 5%? No joke!
This is for both a purchase and refinance.
If you are looking to explore this further, give us a call at 920-457-5626. We can help you with a pre-approval letter for your purchase or talk about refinancing options. The amount of equity you’re required to have in your home has dropped from 25% to 5% for a refinance. This could make a significant difference for you!
Here to help!
Trish Toutloff
Mortgage Loan Originator
CIBM Mortgage
638 Riverfront Dr. Suite G10
Sheboygan, WI 53081