Financing down payment

[David Rhodes]

Hello All! My girlfriend and I are building our first home in Florida together. Which is going to be our primary residence. At the time the house is finished we won't have the recommended 20 percent down payment . My question is should we ask a private lender to finance the 20 percent down payment ? I'm not sure if this is a strategy people use for there primary residence. My thinking is with the full 20 percent we won't have to pay MTG insurance which leaves us room to pay back the private loan, and then later down when the loan is payed off we would have a much cheaper mortgage payment. Creating a bigger profit if we do decide to rent it out one day. Any thoughts or advice would be greatly appreciated ! Thank you ! -David