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.Read More
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.Read More
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.Read More