Simplify your mortgage journey with a trusted lender. When purchasing a home, one of the critical pieces of information is the amount of a down payment you’re providing. For some potential homebuyers, ...

Andrew Ancheta is a finance editor who has reported extensively on cryptocurrency, NFTs, economics, and history. He previously worked as an editor for China Daily. Somer G. Anderson is CPA, doctor of ...

Cash gifts from others can be used toward a down payment or home purchase. In order for a cash gift to be eligible, mortgage lenders require a gift letter that specifies the amount of the gift, its ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

Yes, you can receive (or give) gift money to buy a house — if you follow these rules. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not ...

Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will ...

A gift letter for a mortgage confirms that some or all of the borrower’s down payment money is a gift that doesn’t need to be repaid and that the giver isn’t involved in the purchase or ownership of ...