The post 'We're Getting Married—and Asking Guests To Chip In for a Down Payment' appeared first on Real Estate News & ...

A letter of explanation for a mortgage is a document that addresses ... affects the interest rate you’ll be offered or if you get a loan offer at all. Your letter of explanation can give a ...

Figuring out the right mortgage ... in grants and gift funds. Who's this for? Chase Bank lends nationwide and has more than 4,700 branches across the continental U.S. and home loan advisors ...

A Brooklyn, NY, couple ready to tie the knot in June are approaching their wedding registry with an unconventional option for friends and family.

“If you were receiving a lump-sum gift from one person, you’d likely need a gift letter for the lender explaining the source of funds,” Backyard Mortgage Corp.’s Fred Goncher say ...

Gift letters are usually required by mortgage ... $19,000 may not feel like enough. Chris Thomas, a mortgage loan originator with Michigan-based Iris Mortgage, points out that there is a "five ...

Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will you owe gift taxes because of your generous gesture? Despite popular ...

A mortgage expert ... are legitimate and not loans in disguise, which could affect affordability calculations. Without clear evidence of the source and nature of the gift, applications can face ...

The question is, will you owe gift taxes because of ... complicate or invalidate the loan by making a mistake. When your daughter applies for her mortgage, the lender will go through her finances ...

The MBA is asking for the rescission of six rules and revisions to nine others that impact the mortgage industry.

Intrafamily loans are powerful tools, but good intentions are not sufficient. Structure, documentation, and execution are ...