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

Subscribe: Apple Podcasts | Stitcher | Google Podcasts | Spotify

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: [email protected]

Follow us on social: @fortismortgage


The information provided is for educational and informational purposes only, does not constitute investment advice, and should not be relied upon as such. It should not be considered a solicitation to buy or an offer to sell a security. The views expressed in this commentary are subject to change based on market and other conditions. This writing may contain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences. Investments in securities and insurance products are: NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE

Join the Mailing List

Sign up to receive show notes and additional resources from each episode delivered straight to your inbox every Wednesday.

Pin It on Pinterest

Share This

Join our private community of money nerds.