What Is A Gift Of Equity And How Is It Calculated?
Автор: The Mortgage Musketeer
Загружено: 2019-10-19
Просмотров: 21373
What is a gift of equity? This video describes what it is and how it's built into the contract. This video is useful for both buyers and sellers when selling to a family member. It is also useful for loan officers because it is relatively easy to understand what a gift of equity is when buying a house, but harder to pin down the numbers when it comes time to write the contract. I created a tool to make it easier to understand--or basically closing costs explained visually.
Here is the gift of equity calculator: https://www.musketeermortgage.com/gif...
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Musketeer Mortgage LLC (www.musketeermortgage.com)
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