Description: We help homeowners get fair & stable loans. The right loan saves you money and protects your financial health.
Let’s assume you buy a house worth $1 million. With Lotly you would need less than $80 thousand up front. Now assume you pay your mortgage each month and the home appreciates to $1.36M in 5 years (8% annual appreciation). At this point you’d have a total of just under $250 thousand in equity. The $250 thousand is made up part of your initial payment ($50 thousand), your piece of the appreciation ($90 thousand), and what you’ve paid down on the mortgage ($110 thousand).
Lotly gathers investors who will cover up to 15% of your down payment. You’ll put down as little as 5% and other purchase costs (approx 3%).
You own and live in your dream home. You are responsible for paying the mortgage and monthly bills.