Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Selling stock for down payment - timing?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Taxes are not the issue -- your family can give you as much as they like (up to a limit that has to be reported, but still NO taxes are owed). The issue is that banks want to know where your downpayment cash is coming from. The gift letter explains that. The only reason PP would want to "avoid documenting" the gift is because she wants the bank to think they earn that much regularly so she can qualify for a higher mortgage than she can actually afford.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
