Matthew Gottfried Mortgage Agent - Level 2
When you buy a home, you may need some extra cash, and a cash back mortgage can be a great solution. With a cash back mortgage, your lender advances you a lump sum of cash upon closing. The most common amount is 5% of your mortgage amount, but it is possible to get anywhere between 1% to 7%.
Reach out to learn if a cash back mortgage is a good solution for you.