How do I keep the most cash when buying a home?

To preserve cash when buying a home, you want to minimize upfront costs such as the down payment, discount points, home inspection fees, and home appraisal fees. There are also recording fees and recordation taxes that are significant costs at closing.

Down payment is usually a significant portion of the upfront cash payment. Each loan product may have different down payment requirements, so it will help to work with a loan consultant to find the best loan product that you qualify for. However, down payment goes straight into your equity, so you technically don't "lose" the cash.

Going with a no-closing-cost lender such as CapCenter is a great option if you want to preserve cash when buying a home.  When you bundle realty and mortgage with standard loan options, CapCenter may be able to waive closing costs for a zero closing cost purchase.  Not only does a zero closing cost purchase help preserve cash when purchasing a home, the loan option gives you additional flexibility with refinancing in the future because less sunk costs are involved in obtaining the mortgage.

When you combine the zero closing cost purchase with the one-year 1% rate reduction program, you'll have more cash and flexibility to renovate, buy furniture, to live, or simply for peace of mind.

See savings details on our mortgage calculator.

See details on how our zero closing cost offer works on our website.