Borrowed Down Payment 

This Just Happened > Borrowed Down Payment

Brian and Nancy were in the market to purchase a home. They had some savings and even with the tax return they recently received were still $10,000 short. The first thing they did was go to their bank who quickly sent them home to make a plan on how they were going to save up the $10,000. A lofty 24 month goal!
When they came to us, we did a thorough analysis and realized that first, they had an unsecured line of credit that they owed zero on, they were both employed, and had fantastic credit. We discussed the option of taking the $10,000 off of their line of credit, we looked at what the payments on that would be plus the new mortgage payments and taxes.

We were able to work out a budget with them and purchase price point that fit their comfort zone.

So Congrats!! Brian and Nancy are now in a house they love, one they can afford and they reached their goal in 1 month rather than 24 months. Home owners, not a renter, at least 23 months earlier than they first were advised.