Gift of equity
Definition
A sale price below market value, where the difference is a gift from the sellers to the buyers. Such gifts are usually between family members. Lenders will usually allow the gift to count as down payment
Related Terms Other terms related to 'Gift of equity' starting with the letter 'G' Grace period, Graduated payment mortgage GPM, Graduation period, Good faith estimate, Good fairy syndrome Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 