OT: home loan down payment assistance?

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Mar 13, 2005
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Has anyone used payoutone.com? it looks like a pretty interesting concept, they loan you the required down payment to give to your lender, then the seller pays them the whole payment amount plus fees. any feedbacks?...
 

New member
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just found out about this kind of "creative financing" today..when i called the company, they said it has to be in the contract..i take it it's not on the up and up?..
 

Woah, woah, Daddy's wrong, Mommy's right.
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Feb 25, 2006
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What are you trying to do? Why not just put 5% down, take out an 80% first and 15% equity line as a second?
 

Whatever
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Nov 16, 2004
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Look out, lending as we have known it the last few years is OUT the window. Tough times for everyone even with great credit.
 

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