Deloitte mortgage rates
in Banking, Insurance & Loans ·
Look, from what I gathered when I went through the process, you basically sign up for a five-year home savings plan. You can actually pull the trigger on a loan after year two, provided you keep "saving" with them for the remaining three years—except those payments just get tacked onto your mortgage instead. Once that fifth year hits, the accumulated savings gets dumped into the loan balance to knock it down a bit.
I’m putting away $1667 every year, so at the end of the day, I’ll only be sitting on $8333. But, I’ve got a much bigger nest egg over at Chase that I can dump into the deal once I decide to take out the loan, just to hit that 20% mark for my bridge financing.
I’m putting away $1667 every year, so at the end of the day, I’ll only be sitting on $8333. But, I’ve got a much bigger nest egg over at Chase that I can dump into the deal once I decide to take out the loan, just to hit that 20% mark for my bridge financing.