Save and squirrel away money for a down payment used to be the only way you could buy a house. As years passed and home values rose for those looking to purchase their first home, this became a considerable cost. Recently Fannie and Freddy made changes removing the restriction that gift money, a contribution from a relative, can’t be towards the home purchase. To learn more about the changes to the law, call United Mortgage at 480-503-3533 or visit us online at http://goo.gl/MY3pyd
Posts tagged gift money for down payment
Getting Down Payment Money Just Got a Little Easier
In this edition of Arizona Mortgage News, local expert Mike Goblet of United Mortgage and Financial Group discusses how getting the money for a down payment is a little easier which may allow many first time home buyers a greater chance at owning their new home.