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If you are having trouble coming up with a down payment for the mortgage, you can take out a personal loan. Remember that during your mortgage underwriting, this will affect your debt to income ratio. Borrowing money can actually save you income if you can avoid private mortgage insurance.
Make sure you disclose the amount of the personal loan to your lender. Failure to do so may impact your application in a negative way. A lender typically does not mind seeing a personal loan for a down payment as long as there is an established payment history and set payment schedule that can be verified.
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