How to Use Gift Funds for your Home Purchase!

If we have been real good during the year, sometimes the holidays mean we get a little cash from let’s say Santa 😉

It’s an awesome gift, that can also cause you some headaches during your home loan if you don’t know the process!


Today, I want to take a look at something that doesn’t get as much attention: GIFT MONEY.

It’s an amazing experience to watch family members help each other make a home purchase -- but there are behind the scenes requirements for this kind of generosity. (That’s where I come in!💃)

When using gift money for your home purchase, there are 4 very important things to look at:

The relationship with your doner🤝
The moving of funds💸
The gift letter✉️
And, the amount promised matching the amount received💯

Whether you are giving a gift, or need more information on how to use a gift that has already been promised to you, this week’s Money Tip is for you!

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