A gift letter for a mortgage confirms that some or all of the borrower’s down payment money is a gift that doesn’t need to be repaid and that the giver isn’t involved in the purchase or ownership of ...

When you buy a home with a mortgage and use a gift of cash or equity toward that purchase, you need to get a gift letter from the donor. A gift letter documents where the gift comes from and confirms ...

Let's say you're ready to buy your first home — and take advantage of mortgage rates that are finally starting to drop — but ...

Due to soaring interest rates and high house prices, many Canadians are struggling to realize their dream of owning property. The buyers who overcome these hurdles are often those who can turn to ...

Receiving gifts from loved ones can make it easier to come up with the cash for a down payment and buy a home. If you want to use gifts alongside a home loan, though, you’ll need to provide your ...