BUY A HOME WITH A GIFT OF EQUITY

Very few people talk about this but there’s a simple way to purchase a property from your family where everyone wins.
It’s called a "Gift of Equity" and here’s how it works:
Your parents want to sell a home, and you want to buy it.
They are giving you a ‘deal’ - meaning its a special price
Instead of showing that lower price on the purchase agreement, they can show a higher price closer to the full market value - and ‘gift’ you the equity which covers your entire down payment and closing costs.
There is no actual money changing hands for this difference - it’s just a gift on paper. For instance, if they want $400,000 but actually sell it to you for $500,000; the $100,000 gift can show up on paper as your down payment so you don't have to put any money down
Bonus Tip: Use part of the Gift of Equity to lower your interest rate and monthly mortgage payment, increasing your chances of qualifying.
This is the perfect way to enter the market with the lowest monthly payment
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