Awasome Buy A Home Without A Mortage Gift Of Equity Ideas. Contact your current mortgage lender to get a redemption (or repayment) statement. As you pay down your.

When buying a home, borrowers are typically allowed to use money gifted to them by a relative towards the down payment and/or closing costs. If neither a down payment gift nor a gift of equity are in the cards for you, another option to consider is a home loan that requires a minimal down payment. You can buy a house without a mortgage.