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Can funds be borrowed to pay for a down payment?

April 26, 2017borrowed down payment funds pay

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Can funds be borrowed to pay for a down payment?

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Yes it is possible to borrow the money for your down payment. You could borrow money from your 401 K, or even another home that you may own. If you are borrowing the money for your down payment even if it is from your friends or family you should disclose this information to your lender. There are some cases were keeping this information private has been considered a breach of the loan agreement.