Is it legal to borrow a down payment when refiancing a mortgage

Question

Is it legal to borrow a down payment when refiancing a mortgage

Answer

There is nothing illegal about borrowing a down payment. If you don't have the money for the downpayment, you may not have the money to make all of the monthly payments, however.

Lisa K. Meier

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This response is based on Ohio law and the limited facts you have provided and is not intended to create an attorney-client relationship. I cannot provide adequate advice to you without meeting with you in person. If you would like to schedule a free consultation, please feel free to contact me.