Anonymous
11/10/2013 19:33
Subject: question about qualifying for mortgage
Prices are not falling, there may be overpriced listings rust have sit and are now being cut.
Anonymous
11/10/2013 18:46
Subject: question about qualifying for mortgage
Many purchase offers get rejected in multiple offer situations if the buyer has a gift as a chief source of their down payment and closing costs. But that is rare to have a mortgage denied.
Anonymous
11/10/2013 18:24
Subject: question about qualifying for mortgage
Anonymous wrote:Anonymous wrote:I have a friend who mortgage just fell through (after initial pre-approval) because she was using funds received from a relative. Lending companies like the downpayment to have been in your accounts for a couple of years.
That's simply not true. And you can also get a gift letter documenting where the funds came from, and showing that they do not need to be re-paid.
We we also able to qualify with a gift letter.