What’s the next step during your home search after you get additional funds for your down Payment from your family. Get educated on what you need to know with regards to Gift Money. Personal Loans vs. Gift MoneyWhile you may be quite thrilled that your bank account suddenly has a larger down payment and you feel very confident about buying a home, the source of where these funds came from needs to be provided to the lender to see if they’re allowed to be used. The reason why lender’s examine these funds closely is because many people are actually getting a loan from a family member or friend, and then [...]
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