Over the last few years, the mortgage world has gone through one of the biggest shifts in decades. Rising home prices, higher rates, and limited inventory have made homeownership more challenging for many. Yet in the middle of all…
Pros and Cons of a Gift of Equity A gift of equity can be one of the most effective ways for families to help each other achieve homeownership. It allows a homeowner to sell their property below market value…
A gift of equity can be a powerful way for families to help each other achieve homeownership. But unlike a typical home sale, this type of transaction involves a few extra steps and specific documentation that must meet lender…
When a family sells a home to another family member, a gift of equity can be an excellent way to make homeownership possible without a large cash down payment. But because most conventional loans follow Fannie Mae or Freddie…
What Is a Gift of Equity? When families buy and sell property to one another, the transaction often looks a little different than a typical real estate sale. Instead of exchanging the full market price, one party may choose…
Buying or selling a home within a family can be both practical and meaningful. For many families, a gift of equity provides a way to help loved ones achieve homeownership while keeping a property in the family. It’s a…
Introduction Restricted stock units (RSUs) are no longer a niche form of compensation. In the tech industry and beyond, RSUs have become a major part of how employees are paid. As more professionals rely on stock grants for income…
Introduction Not all income is created equal in the eyes of a mortgage lender. While salary is the most straightforward, many borrowers rely on restricted stock units (RSUs), bonuses, or commissions to boost their qualifying income. The challenge is…
Introduction Restricted stock units (RSUs) can be a powerful tool for qualifying for a mortgage, but only if they are used correctly. Many borrowers make mistakes that cause lenders to exclude their RSU income or reduce their buying power…
Introduction When it comes to qualifying for a mortgage, documentation is everything. This is especially true if a significant part of your income comes from restricted stock units (RSUs). Unlike salary or hourly wages, RSU income requires more detailed…
