Personal Loan
Understanding the Gift of Equity in Mortgage Transactions
Understanding the Gift of Equity in Mortgage Transactions: It involves the transfer of equity in a property from one party to another without monetary exchange. Read for more.
Understanding the gift of equity in mortgage transactions is crucial. It involves the transfer of equity in a property from one party to another without monetary exchange. This gift can serve as a down payment or reduce the loan amount. However, it requires proper documentation, appraisal, and adherence to lender guidelines.
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