Posted on: 29th Apr, 2013 01:13 am
Hi there… We are planning for a conventional mortgage. My mother gift me $1000 for my birthday. Will that be a problem when my loan goes through underwriting?
Hi Guest,
If you can prove the source of the money, then there won't be any problem while your mortgage is in underwriting.
Take care.
If you can prove the source of the money, then there won't be any problem while your mortgage is in underwriting.
Take care.
Hi Guest!
Welcome to the forums!
You can ask your mother to write a gift letter for you and this will hopefully solve any issues in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
You can ask your mother to write a gift letter for you and this will hopefully solve any issues in this regard.
Feel free to ask if you've further queries.
Sussane