Legal Question in Real Estate Law in Ohio
Is it legal to borrow a down payment when refiancing a mortgage
Asked on 11/29/11, 6:21 am
1 Answer from Attorneys
Lisa Meier
Law Office of Anthony W. Greco
There is nothing illegal about borrowing a down payment. If you don't have the money for the downpayment, you may not have the money to make all of the monthly payments, however.
Lisa K. Meier
This response is based on Ohio law and the limited facts you have provided and is not intended to create an attorney-client relationship. I cannot provide adequate advice to you without meeting with you in person. If you would like to schedule a free consultation, please feel free to contact me.
Answered on 11/29/11, 7:19 pm
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