Using gift funds for a primary home purchase is a common practice, and many lenders allow it. Gift funds are funds given to you by a family member, friend, or other eligible source to help you with the down payment or closing costs. Here are some key points to consider: 1. Gift Letter: Most lenders require… Continue reading Gift Funds for Your Home Purchase
Month: January 2024
A Positive Outlook for Buyers and Renters
In the optimistic landscape of 2024, Zillow economists foresee several encouraging trends in the housing market: 1. Abundance of Homes on the Market: Homeowners, understanding that mortgage rates are unlikely to decrease significantly soon, are anticipated to list their homes for sale. Those who secured long-term payments at historically low rates in 2021 may decide… Continue reading A Positive Outlook for Buyers and Renters