Posts tagged first time home buyer
What is a Gift of Equity?

When a homeowner sells their home to a family member at a price well below the market value, it is sometimes considered a gift of equity.

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The Beginning of the Home Buying Process

Before making a decision on the house to buy you have to take a practical and introspective look at your financial standing, your budget, and your aspirations. Before the work of looking for a loan and the house to buy begins, it is important that you have an understanding of your needs and means.

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First-Time Home Buyer Down Payments

Regular loans usually require a 20% down payment on a home. First-time homebuyer programs like the FHA loan reduce this to as low as 3.5%.

The amount can vary according to the program on offer and to what extent you qualify for the grant.

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