what should a letter for a gift down payment for mortgage read?
463520
The lender may have a form to fill out - Ask.\n\nIf not...\n\nI____(name)______,of______(address)______, _____(relationship-mother/father/sister/etc.)______, of ___(recipient of gift)________ will give/have given him/her a gift of $__________.\nThis is a bona fide gift and there is no obligation, expressed or implied to repay this sum at any time.  The donor herein certifies that the funds given to the recipient were not made available to the donor from any person or entity with an interest in the sale of the property including the seller, real estate agent or broker, loan officer, or entity associated with them.\nSignature and date of both donor and recipient.\nDonor's phone number (with area code)
230052
http://www.downpaymentsolutions.com/home_buyer_education/calculators.shtml\n click on this link it has all the info you will need
19907
Try looking here for info: http://www.smartmoney.com/estate/
568605
You should send something. Even if it's just a nice card and a gift card. NO EMAILS though! Good luck to you.
841481
All states, including Texas, offer a government sponsored first time home buyer program directed towards lower income buyers.  The buyer (or better yet ... the borrower) definitely needs to be a citizen.  If your credit is a mess, they usually offer credit counseling as a free service.  These government programs usually include down payment assistance in the form of a forgivable deferred loan (a loan you never have to pay back that goes away over a small number of years), which is much like a grant as long as you don't buy and sell your house fast.  Some states offer special interest rates too.  It usually works out to be a better than average deal if you can qualify.  I found the program for Texas in the link below.  Good luck!
579700
IF it worries you too much you can send them a letter of explanation.  If your return does not involve higher figures it may not attract much attention.
141500
I just moved two weeks ago.  About a month ago I sent them a letter that went something like this.\n\nTo whom it may concern,\n\nAt the end of this month we(I put we since I am married) will become the home owners.  Due to these circumstances we will no longer need to rent.  We will be moving in two weeks and shall turn in our keys at that time.\nSincerly,\nOur names.\n\nBut all you really need to do is say that you are leaving and when your last month will be.  You usually need to give them a month's notice so that you will get all your deposit back and won't have to pay another month's rent.\n\nAfter writing the letter, you can mail it or give it to them in person.
385411
the government offers some help with down payments for first time buyers. there may be some criteria though. may be worth checking into.
653639
Your best bet is to talk to a local mortgage broker.  I've broken down the 4 things that mortgage companies look at when making a decision on your application as: \n\nincome\nassets\ncredit\nproperty\n\nI tell my clients that its like a chair with 4 legs.  You need all to be a decent length for it to work.  If one is short but three are long, you're still good.  \n\nI plan on going into detail on these at my blog pretty soon.\n\nFor income, you want 2 years job history in a similar line of work.  Ideally the banks like to see one job.  If you increased in income on your job changes, that's a good thing to the bank.\n\nWhether you're a single parent, a married spouse, or a polygamist, banks are all looking at one thing: your debt-to-income ratio.  If you can afford the house comfortably along with all your other bills, you should be ok.\n\nYou'll want to put assets away in a bank account if you can.  This is not always an option for some people, just do the best you can.  Having a 401k or IRA will also help to get you an approval.\n\nYour loan officer will pull your credit and determine exactly what you need to do to get qualified for a mortgage if you're not already.  Paying credit balances down to half of their credit limit will increase your score as well as paying off very recent charge-offs and collections.\n\nLenders love Single Family Homes.  If your credit isn't great try not to fall in love with a trailer or modular.  Having a desirable property helps your approval.\n\nIf you can balance these four things you should be fine.  Read my blog to learn more about what mortgage brokers do and how to set yourself up for an approval: http://explaintome.blogspot.com\n\nSoon I'll be covering this topic.  Drop me an email or comment in the blog and I'll let you know when it gets updated.
346295
from mortgagetransit.com
124219
Just start calling  local real estate agents.   Most will be a little reluctant at first because most agents already have loan officers they prefer.  Take the approach that you want to help them with their open house.  Offer to bring fresh baked cookies to the open house, then once you’re there offer to go get lunch for the both of you.  I know this sounds like a lot of hoops to jump thru, but remember you have to sell your self to the agent if you want them to send business your way.  \nI wish you the best of luck.
279926
If you are non a schedule A you can take all of the mortgage interest. You can take property tax that you pd. Any donations you gave (cash and non cash)Sales tax that you pd on any big purchases(use the table for the rest)I don't know what your filing status is so I don't know if you would even be close.
257911
The inheritance tax threshold was raised in the budget on Wednesday (22/03/06).\n\nCurrent rules mean that 40% tax must be paid on any estate worth more than £275,000. This threshold will rise to £285,000 from April and then £300,000 by the 2007/2008 tax year.\n\nIf your house is worth substantially less than this then it may not be worthwhile.\n\nAlso you would have to live for 7 years in order for the house to be classifed as a "gift" by the Inland Revenue. If you pass away before that then the house will still be taxed as inheritance.\n\nOne option is to move house and then use any spare cash to gift or distribute.\n\nIf you do consider that signing over 50% of your hosue is the best way you should investigate carefully the laws on tenants in common, as this is treated slightly differently to joint ownership.\n\nFor full information check out the Inland Revenue website here:\n\nhttp://www.hmrc.gov.uk/leaflets/iht.htm
420624
The proper etiquette is to take a gift to their house before or after the event or send a card with a gift card or money order in it.  (The amount would be up to you and what you can afford & how close you are to them.  $20-$50)  Just put yourself in their shoes, if you invited people to either event, what would you want or expect them to do?  Remember these parties are thrown to help the people that are being celebrated with their new expenses.   ;o)
961458
You dont need to send a letter.  Just go into the bank and tell them what you need to do.  You also dont have to refi with the bank you have the loan with.  You can go wherever you want.  Just make sure you know what the current payoff amount is.
1019918
My husband and I bought our first home with a VA no money down, all we needed at the time was earnest money, which is basically good faith money you give to seller to know your serious about the purchase. (some sellers require a certain amount down. like $500.00)Also when we bought we had to offer the seller, their asking price plus closing costs, to cover all of our fees and put it all in the loan.Good luck and if you have ANY questions definitely talk to your lender and realtor!!Good Luck!!
924525
Send a validation demand: \n\nhttp://www.expert-credit-advice.com/Letters/Letter17.htm