Tag: uses of

Can a Gift of Equity be Used to Pay Off Debts to Qualify?

Body Question:  Can a Gift of Equity be Used to Pay Off Debts to Qualify? MC Chart – Gifts & Gifts of Equity – All Agency Comparison Answer: FHA has no prohibition for using the funds from gifts (both personal and equity) to pay off debt. The gift of equity funds should be acceptable for […]

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