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Gift letter for mortage down payment

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Guest	Posted: Tue Dec 08, 2009 12:37 am    Post subject: Gift letter for mortage down payment Like 0 Dislike 0 My girlfriend is buying a manufactured home. Can I gift her half of the money for the down payment if she is going to put my name on the deed? Thanks
sara Moderator Joined: 05 Jul 2006 Posts: 2645 Location: New Brunswick, New Jersey 488.43 Dollars($)	Posted: Tue Dec 08, 2009 2:30 am    Post subject: Like 0 Dislike 0 Hi Guest, You can gift half of the money to your girlfriend for the down payment. However, the lender may want a copy of the gift check and also a copy of the statement which shows that it was deposited into her account. You may also have to write a gift letter for that amount. To know more about gift letter, check out the given link: http://www.mortgagefit.com/gift-letter.html Take care.
Dentro Guest	Posted: Fri Dec 11, 2009 12:26 am    Post subject: I will give money as a gift for down payment. Like 0 Dislike 0 I want to be co-owner on the DEED and help with the mortgage payments. I am not going to be on the mortgage. Can I do that? Being unmarried I have to file taxes as single... Can I claim ownership of the house or affirm on my tax return that I own a house or purchased a home without being a bank borrower/? Thank you
cupplesjonathan71 Joined: 04 Nov 2009 Posts: 82 0.00 Dollars($)	Posted: Fri Dec 11, 2009 9:26 am    Post subject: Like 0 Dislike 0 if your name is on deed, you are the owner. but since you do not want to be on mortgage, not be in a position to get tax benefit.

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