Tag: Down Payment

Posted on 10/23/2022
Using a gifted down payment for your mortgage
Potential homebuyers with generous connections may benefit from using gifted down payment funds. With a down payment gift letter, you can provide the money for a down payment to your mortgage lender even if it was obtained as a gift. Here are some of the common questions and answers about payment gift rules in real estate: What is...
+ 7 more
Read More
Posted on 12/19/2021
The Benefits of a Large Down Payment
When buying a home, the down payment will make up the bulk of your upfront expenses. While most mortgage lenders offer you flexibility in the amount of your down payment, it's difficult to decide how much money to spend right away. While a higher upfront cost, a higher-than-minimum down payment has some significant advantages. Here are the main...
+ 11 more
Read More