1. Do not go it alone – Combine your purchasing power with a co-borrower’s. It is common for couples to borrow together, yet it is possible to have “non-occupant co-borrowers” too. You can even have more than two coborrowers on one mortgage loan!

2. Consider a hybrid – Increase your buying power with the lower starting rate of a mixed loan program. You will have a fixed rate and payment for 3 to 10 years before transitioning to an adjustable-rate loan. If you sell or refinance before the fixed period ends, you can avoid paying potentially higher adjustable rates.

3. Bid yourself ADU (Accessory Dwelling Unit) – Just like a multi-family home, a property with a second livable unit (Accessory Dwelling Unit or ADU) can potentially help you qualify for a larger loan. 
4. Go multi – A multi-family home comes with built-in additional income that can help you better manage your payments and increase your buying power. Some loan programs do not allow the inclusion of rental income to qualify, so discuss the possibility with us before you decide if it is right for you.

5. Reduce your rate – Seller paid buydowns, paying points or alternate loan programs can all provide a lower rate.  

To Learn more or for a Free Loan Analysis Contact Dan Cassel at 866-310-1112. Or email Danc@dansrealestateloans.com