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If you’re happy enough to have down-payment assistance beneath the tree this season (or large adequate to give it), make sure you understand the guidelines around present funds. It’s not quite as straightforward as handing over a wad of money with an email that says “Happy Holidays! Here’s a something that is little your brand-new house.”
Advance payment present funds must fulfill specific needs or the present giver and recipient face difficulty later on. From composing something special page to guidelines around repaying present cash, listed here are fundamental facts homebuyers and donors ought to know.
