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Company Loan Type APR Est. Pmt.

Gift of equity

Posted on: 13th Sep, 2012 06:34 pm
Does a gift of equity have to be payed back to the giver
Hello Doona Linck,

Lenders generally don't have a problem with these types of loans if the loan program is specifically designed to accept such gifts and grants and follows the requirements that guide them.

:idea:
Posted on: 13th Sep, 2012 08:05 pm
Hi Doona!

Welcome to forums!

As it is a gift, you won't be liable to pay it back. The donor of the gift of equity won't ask you to give it back.

@Sabrina...

Did not understand what you actually wanted to say!! I don't think your answer is relevant to the poster's query!!

Sussane
Posted on: 13th Sep, 2012 08:10 pm
If someone gifts you something out of love and affection and in the form of a gift deed, then you are not obliged to repay it.
Posted on: 28th Dec, 2012 12:55 am
Moreover, you can use the gift deed for tax-saving purposes.
Posted on: 28th Dec, 2012 12:57 am
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