[Bonus Episode] Office Hours: Using Gift Funds from a relative to Help Qualify for a Mortgage

Typically, when a person is applying for a new loan, they will be asked to provide statements from any bank accounts or investments as a means to show the lender where their down payment will come from when it’s time to close on the loan. And although it may seem simple that a person may receive a cash gift from a relative and apply that to the funds being considered for the purchase, it is not always so cut and dry.

On this episode of Office Hours, Malcolm and Desiree sit down to discuss what makes this situation unique and how to navigate it.

Contact Desiree: desiree@fortismortgage.com

Follow us on social: @fortismortgage

About the Author
Malcolm Ethridge is a CERTIFIED FINANCIAL PLANNER™, speaker, blogger, and self-proclaimed personal finance nerd. His areas of expertise include retirement planning, investments, tax planning, insurance, equity compensation, and other executive benefits. He leverages that expertise to help senior managers and executives in tech make sense of some of the most complex financial situations that working professionals tend to face.

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