Before Getting Creative...

[Shaun Wang]

Hi BP, my family are buying our first multifamily home, we need about 700k in mortgage ( with 200k down payment), problem is the family only filed about 30k income last year, the bank can offer about 300k at 3.75%, so I went to a private lender they can do 500k at 4.00%, no hard money because this house will be our prime residency, we do not want go crazy with the interest rate, what some other options do I have ?  is it even possible to use more than one lender to finance?