Video Transcript:
Many think seller help is the best way to save money. But gift money from family can be even better, saving you thousands. Let’s see how. I structure these deals every day. As David Ghazaryan, my job is to find the hidden path, showing which loan truly costs you less money. FHA loans let sellers pay up to six percent for your closing costs. But conventional loans allow your family to gift the entire down payment instead. This changes everything for your savings. A big gift for your down payment can mean you need less cash than if a seller paid costs. Over time, the loan choice matters more. Conventional loans build your home’s value faster because the monthly insurance payment can go away, saving you money. My analysis continues beyond this video. The complete article and more insights are on my website, YouTube, and Instagram. See the links in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-credits-vs-conventional-gifts-for-nevada-homebuyers
