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 […]
Just in our office we see so many different mortgage scenarios and we have always taken pride in knowing a large array of mortgage products. We don’t just take the cookie cutter loans. We tackle the difficult situations for the good of our client and we make sure that the product our borrowers choose is […]