CASH BACK

Cash-back mortgages provide the client with a cash rebate upon closing. These can range from 1%-5%, and can be used for almost anything. The most common cash-back mortgage is also referred to as the 0% down mortgage, where the cash back is used to cover the down payment. The rates on these mortgages are higher to offset the cash back, but in the right situation can be very useful. Let Medley Mortgages help you get into your home with 0% down. For more information or to speak directly to a mortgage consultant click here.