Posted on: 04th Jul, 2013 01:03 am
How will receiving a gift amount after one day of mortgage closing impact the mortgage?
Hi Blue,
Once the mortgage closing is complete, the lender will not be concerned about the gift amount that you receive.
Take care
Once the mortgage closing is complete, the lender will not be concerned about the gift amount that you receive.
Take care
Hi Blue,
I agree with what Sara has said. Moreover, as you are receiving the gift, you won't be liable for paying it off or paying taxes on it. So it won't impact your loan.
I agree with what Sara has said. Moreover, as you are receiving the gift, you won't be liable for paying it off or paying taxes on it. So it won't impact your loan.