A gift of equity is given by the seller of a property to the buyer. It’s a great way a family member can help you buy sooner - just make sure it’s structured correctly. The donor must be a relative as defined by loan guidelines or a non-relative that shares a familial relationship. Not a commitment to lend, not an actual loan scenario. #firsttimehomebuyer #homebuyingtips #floridarealestate #georgiarealestate #mortgagetips Anthony Cerrud Loan Officer NMLS 1597999 | Anthony Cerrud
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What is a gift of equity? And how can it help you skip a down payment?   | Jared Tye | Facebook
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Gift of Equity — a powerful way families can transfer real estate wealth without needing large down payments. A family member can use a paper gift of equity to help their loved one become a homeowner. All it takes is a simple signed document! This strategy can make homeownership possible for those who might not have the upfront funds — and it’s one of the smartest ways to build, guard, and gift wealth within your family. 💪 #MotivationalMonday #giftofequity | Chad Murray
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