Gifting an advance payment this festive season? Here’s just exactly what givers and receivers should be aware

Gifting an advance payment this festive season? Here’s just exactly what givers and receivers should be aware

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It), be sure you know the rules around gift funds if you’re lucky enough to get down-payment help under the tree this year (or generous enough to give. It’s never as straightforward as handing more than a wad of money with an email that says “Happy Holidays! Here’s a little one thing for your house.”

Advance payment gift funds must fulfill particular demands or the present giver and recipient face difficulty in the future. From composing something special page to guidelines around repaying gift cash, listed below are fundamental facts homebuyers and donors should be aware of.

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