It’s called gifting in the mortgage world. In fact, nearly 25% of first-time home buyers take cash gifts and use them for a down payment on a home, according to the 2017 National Association of REALTORS® Profile of Home Buyers and Sellers report.

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Mortgage on $1-2 million homes? (insurance, interest rate, property tax, credit) – Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers – City-Data Forum – City-Data.com. –  · The real problems people face with affording a 1-.1.5 million dollar mortgage is 1. Not putting enough of a down payment to offset any potential decrease in income. Spending in excess of $8000-10000 a month while unemployed/taking a lower salary.

what would be the mortgage rate for a 1.4 million dollar loan on a 3 million dollar home in seattle We are looking to refinance from a 30 year loan find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

How much monthly morgage will you pay on a two million. –  · That would make the monthly payment $9,408.44. I hope this helps. Gary *5/1 ARM is a mortgage that has a fixed interest rate for five years and then adjusts annually. The 7/1 and 10/1 ARM mortgages are similar, but the initial fixed-rate periods are seven years and 10 years, respectively.