$30,000 Free Grant – GMCC Helps You Find Your Dream Home
June Xu
Senior Loan Officer
NMLS #1615112
Tel: 781-308-8221
WeChat: bostonjunexu
Email:[email protected]
Website: https://agent.gmccloan.com/gmcc/xiaojunxu
In the United State (U.S.), buying a home means more than just saving for the down payment. High closing costs (often in the thousands) can make the process even harder. However, at General Mortgage Capital Corporation (GMCC) we can help solve this problem for you.
As an example, one of my first-time homebuyer clients made an offer on a home and was thrilled her offer accepted but faced big challenges getting a loan. The client’s income was limited and her down payment was less than 20% of the purchase price. This meant she needed to pay private mortgage insurance (PMI) every month, adding to the loan complexity and monthly payment stress.
After reviewing her file, it was discovered that she qualified for GMCC’s $30,000 Free Home Grant, which qualified to be used for her down payment and closing costs.
We used the $30,000 grant to increase her down payment to 20% so she could avoid monthly PMI. In addition, used an average of her last two years of overtime and bonuses to increase her monthly income and improve her debt-to-income ratio. Finally, we adjusted our gift funds used to optimize her down payment structure.
After monitoring the market closely for days, I helped her lock in a great mortgage rate. The $30,000 grant fully covered her closing costs with even extra left to be used for part of her down payment. I was able to give her the support she needed when funds were tight, which felt great.
She was ecstatic and thankful. And the best part is this $30,000 grant is not government-funded so requires no repayment and won’t affect future refinancing. If she ever wants to refinance in the future, there would be no hurdles to clear.
If you dream of owning a home contact me today. Let the $30,000 Free Grant make your dream come true!
