Sources of Initial Investment and Other Financing
- Raise, bonus, profit-sharing, loan from employer or advance against these items
- Pension or IRA – borrow against, withdraw or cash out
- Income tax refund
- Special corporate financing for transferees
- Negotiable securities – stocks and bonds
- Credit Union – line of credit, bridge loan, credit cards
- Personal unsecured loan from Buyer’s bank
- Loans, trust, inheritance or gift(s) with gift letter from family members or relatives
- Letters of credit from bank or individuals
- Sale of present home
- Exchange with Seller – condo for home, etc.
- Refinancing home Buyer intends to keep
- Note and deed of trust secured by other real estate
- Blanket mortgage
- Sale of assets to generate cash
- Refinancing automobile
- Personal loan using personal assets (jewelry, equipment, cameras, etc.) as collateral
- Accumulate down-payment between date of original purchase and date of closing
- Save it – establish a budget and control expenses
- Have seller pay all allowable closing costs
- Credits through lease with option to buy or labor and materials for fix-up
- Finance personal property items in sale separately from the home purchase
- Use co-mortgagor or co-grantor to help qualify for maximum mortgage
- Cash values in life insurance
- Christmas Club funds
- Pledge dividends from stocks or other securities
- Pick-up stock options
- Nothing down financing from Veterans Administration for eligible veterans
- Deposit return on rental contract
- Assignment of future rents
- Loan secured by your business
- A partner who contributes cash or credit