Latest / The Real Estate Peacock - Metro Detroit Edition
Mortgage Q&A: Waterfront Homes, Buydowns, Gifts & Condos
Buying a home comes with a few decisions that quietly cost buyers thousands of dollars, and most of them never get explained until it's almost too late.
In this episode I sit down with Vincent Newsome from National Mortgage Funding to answer the four questions I get asked most: financing a home on the water, rate buydowns versus ARMs, using gift funds for a down payment, and the financing quirks that come with condos and detached condos.00:00 Intro00:57 Financing a Home On or Near the Water02:39 Rate Buydowns vs ARMs Explained04:38 The Right Way to Use Gift Funds06:09 Condo and Detached Condo…
The skinny
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