Cash Back Mortgage? How about "Flex Down" ?

Have you seen 'cash back' mortgages with zero down payment funded on closing? Yes it is available at posted rate (not fully discounted rate). How about considering 'flex down' mortgage and get the best rate possible!? It saves you money while keeping our down payement 'zero' out of pocket - reason being - flex down mortgage still gives you the best rate possible vs. cash back mortgage adds the cost of money on the 'rate' itself. Make sure you compare the two options.

Here is how it works. With the 'flex down' program, the down payment can come from other sources such as personal line of credit, which only has 'interest only' payment. Also, with 95% LTV at 2.75% premium, we are only paying a bit higher at 2.90% in order to do 'flex down' mortgage program.

For more information on 'flex down mortgage', click here.