Today I asked Clark Sexton with IRON Mortgage to answer the following questions.
1. What is a gift of equity?
2. Who is eligible for a gift?
3. Can a FHA or VA buyer receive a gift?
4. Are there any tax implications?
Every situation is different, so if you’d like more information, please feel free to contact Clark any time.
He is an absolute wealth of knowledge and experience.
CLARK SEXTON
734 . 564 . 3530
As always, thanks for supporting our NRC family of companies.
If you have any questions, please feel free to contact me anytime.
I am always her to help.
Thanks!
Craig