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re: Kids Buying First Home
Posted on 10/5/23 at 9:27 am to whiskey over ice
Posted on 10/5/23 at 9:27 am to whiskey over ice
quote:
Banks typically ask for bank statements and will probably question them about the gift deposit if it’s right before they apply for the loan. You may be required to provide a letter or sign something stating you’re their parent and you gave them it as a gift and not a loan
The lender will absolutely make them disclose where the money is coming from but it won't be an issue at all
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