Silvestri Properties

Tag: Down Payment

Posted on 12/21/2023
What is a gifted down payment?
Potential homebuyers with generous connections may benefit from using gifted down payment funds. With a down payment gift letter, you can provide the money for a down payment to your mortgage lender even if it was obtained as a gift. Here are some of the common questions and answers about payment gift rules in real estate: What is...
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Posted on 10/06/2019
Reaching Down-Payment Goals
Saving enough funds for the down payment on your home can be an obstacle for everyone. With general living costs and accumulated debt (Student Loans!), many young couples and professionals don't believe they'll ever save enough to move from being renters to buyers. There are steps you can take to put aside the funds you need for your...
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