Silvestri Properties

Tag: Using Gift Money For Down Payment

Posted on 12/21/2023
What is a gifted down payment?
Potential homebuyers with generous connections may benefit from using gifted down payment funds. With a down payment gift letter, you can provide the money for a down payment to your mortgage lender even if it was obtained as a gift. Here are some of the common questions and answers about payment gift rules in real estate: What is...
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