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Using Gift Money for a Down Payment, what you need to know

Michelle Oddo - The Oddo Group 5 views

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Comments


@Victor-it6bv
 Does the donor pay taxes on the gift? I'm confused about that part
Comment from : @Victor-it6bv


@justinsmith6860
 Thanks but could you touch on how a gift funds might effect the terms of the loans in any way, does it help, hurt, the amount you can borrow ?
Comment from : @justinsmith6860


@tylerkim8765
 Can a church provide gift funds for closing costs?
Comment from : @tylerkim8765


@frankarias5051
 What about if you just have a prepaid debt card and can't transfer the gift money to the bank for closing
Comment from : @frankarias5051


@christophercarreon3823
 What's it matter whether cash or check giving its money and money talks
Comment from : @christophercarreon3823


@MsMonteze
 What happens if the gift funds cashier’s check is a little more than needed? IE if $10,750 is needed but the cashier’s check is for $11,000
Comment from : @MsMonteze


@ingridstewart1900
 Does the gift fund can be applied to closing cost as well?
Comment from : @ingridstewart1900

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