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  • Empower Assets
  • How much of a down payment should I make?

    There is no easy answer to this question. The higher your down payment, the less interest you will pay over the life of the loan. However, interest on mortgages is tax deductable.

    The answer to this question oftentimes is determined by your current financial situation: e.g. just because you have the funds for a large payment doesn't always mean you should withdraw funds from current investments to make it. The best advice we can give is to consult with a financial advisor or tax consultant, allowing them to review your situation and advise you.

  • Is it possible for relatives to give me a gift for a down payment?

    Certain loan types will allow a gift from a relative for down payment and closing costs. Please consult with your mortgage loan originator for more information.

  • Can I borrow money for my down payment?

    Typically you cannot borrow money for your down payment or closing costs.  There are some exceptions such as borrowing against your own assets such as a 401K, share loan against a deposit account, etc.  Please consult with your mortgage loan originator for more information.

  We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.