I was told by a close friend that use to be a Broker that many Real estate Agents or Lenders will negotiate the points on the back end of the loan to make the down payment lower, is this standard practice in the industry? by drhyde471 from Dover, Delaware. Dec 3rd 2018
You can NOT lower down payment. You MUST always provide your down payment. You CAN potentially lower closing costs and pre-paids by increasing the loans interest rate so you pay closing costs over time, versus needing to pay this out-of-pocket today.
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