Latest / Mortgage Research Network Podcast
New Homes for Less? Wedding Gifts, HELOCs & More
Cash wedding gifts could help you buy a home, but will your mortgage lender accept them? In this episode, Tim Lucas explains a little-known Freddie Mac rule that makes it easier to use wedding gifts toward a down payment or closing costs, including what documentation you'll need.
New construction may also be more affordable than you think. Recent data shows that new homes are selling for less per square foot than existing homes nationally, and builders in some markets have more incentive to negotiate. Tim looks at why that's happening and what buyers should consider when comparing new and…
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