Question Details

Les, Other/Just Looking in bklyn

A relative of mine wants to give me a large downpayment to buy a house. Is this OK?

Asked by Les, bklyn Fri Jul 4, 2008

What is the least amout of loan you can get for a mortgage ? For example can you borrow just 10,000or 20,000?

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Answers

1
Youi should talk with a loan officer to answer your questions, and to a tax accountant as well, especially if the gift is over $10,000, as there will be tax implications. I'm sure you are very grateful for your kind relative!
0 votes Thank Flag Link Fri Jul 4, 2008
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