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Updated almost 10 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Gene Ferriter
  • Investor
  • Knoxville TN
6
Votes |
18
Posts

Using collateral for downpayment instead of cash

Gene Ferriter
  • Investor
  • Knoxville TN
Posted

I am looking to buy a property that will need 20%-25% down. I would like to leverage my IRA as collateral for a down payment instead of using my own cash, home equity loan or refinancing a rental. Has anyone ever did this? Is it hard? Is there any banks in particular that offers this as a down payment?

Most Popular Reply

User Stats

18
Posts
6
Votes
Gene Ferriter
  • Investor
  • Knoxville TN
6
Votes |
18
Posts
Gene Ferriter
  • Investor
  • Knoxville TN
Replied

@Dmitriy Fomichenko thanks for the advice about tagging.

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