The first hurdle that a homebuyer must surmount is the down payment on their mortgage. A tidy some with all of those zeroes, due closing, can be really intimidating for first-time buyers. Where can you get all that cash to secure the home of your dreams? Our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage), tells us in today’s BobMortgage Zone.
Spoiler alert! You can use cash as a gift toward your down payment at closing. But who is allowed to give you the money? Find out from the senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — right now!