Learn how using gift funds can be used as a down payment to buy a home. Plus, see other home buying strategies like buying from family with no money down, avoiding PMI, covering closing costs, and more. Finally, we share gift funds requirements.
Are you buying a home from a family member? Family transactions may have pluses for both the buyer and seller. A major benefit to buyers is a gift of equity. So what is a gift of equity? It is a little known rule which allows equity in a family member’s house to be used as the buyer’s […]