Cash-Back Mortgage
When you purchase a home you’ll probably find the need for a little more cash flow than you might have expected. From new furniture to closing costs there are expenses galore. Enter the cash-back mortgage. If you have a cash-back mortgage, you will receive a certain percentage of the mortgage principal balance in cash. The downside? The interest rates on these mortgages may be higher than on some other mortgages.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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