You might've already heard about the financial assistance you could get for making that down payment work, but then what about the closing costs? Oftentimes THAT'S the deal breaker for many looking to get that #mortgage but without the #finances necessary to make it happen.
We've got good news for you — your closing costs could ACTUALLY cost you zilch — if you know how to ask the right questions.
The thing is cash gifts can count. What I mean is that oftentimes the closing costs will apply to your actual income, but you CAN, in fact, apply additional money gifted to you by friends, family, even coworkers, without that modifying your rates.
How do you find that out? Simply ask your lender. See if the option is there. This is a great way to shop for a lender as well, because who knows: you could literally save THOUSANDS in closing costs, allowing you to buy that new furniture for your new home. Merry Christmas to you.
Those are the two things first-time home buyers hate the most: closing costs and down payments. We have these real estate money-saving tips, though!