Gift of Equity 101: The Right Way to Structure Family Home Sales

Mortgage rates are trending down (hello, low 6’s), and in this holiday “season of giving,” we’re talking about one of the most powerful—and misunderstood—ways families can help each other buy a home: a Gift of Equity.In this episode of The South Florida Mortgage Report, Billy “Hat Dude” (the hat-wearing mortgage guy) and Capital Partners Mortgage President Craig A. Garcia break down:What CPI (Consumer Price Index) means and why a “good” CPI report can help mortgage ratesThe Gift of Equity concept in plain English (when a family member sells a home below market value and “gifts” part of the equity)Why these deals often go sideways when the contract isn’t structured correctly—and how to avoid the most common mistakesHow buyers can potentially come to closing with little to no money out of pocket, sometimes with low LTV and no mortgage insurance (if the numbers support it)Who can (and can’t) use gift of equity—typically family members under standard lending rulesPlus, Craig shares a teaser: possible upcoming condo insurance flexibility expected from Fannie Mae in January—music to the ears of anyone financing condos in South Florida.✅ Like • Subscribe • Share — and enjoy the debut of our theme music: “Calculation Man.”📍 See you at the closing table.#MortgageRates #GiftOfEquity #FHALoan #VALoan #ConventionalLoan #HomeBuying #SouthFloridaRealEstate #CondoFinancing #HELOC #BankStatementLoan #CapitalPartnersMortgage