Mortgage Down Payment Gift Rules Gift rules vary by loan program, and you may be required to make a minimum contribution from your own funds. For primary residences, the following guidelines apply.

If you get a gift for your down payment (thanks, Mom), you need a mortgage gift letter. Here are the rules.

The dollar has fallen by about 8 percent since Donald Trump took office. Setting aside whatever that may say about investor ...

Most mortgage underwriters will require a signed gift letter from the parents stating that the money is a gift, not a loan, ...

Today’s Forbes Daily covers Tesla and Alphabet’s earnings reports, Trump’s international business deals, Columbia’s ...

Learn more about whether Bank of Hawaii Corporation or Nicolet Bankshares, Inc. is a better investment based on AAII's A+ ...

Key takeaways Mortgage underwriting is often an automated process. Software decides whether you are approved, rejected or asked for additional information. Credit score is the most important factor ...

Preapprovals usually expire after 90 days, says DiBugnara, so ask your lender how long yours will be good for. If you’re a ...

Learn more about whether Intercorp Financial Services Inc. or Nicolet Bankshares, Inc. is a better investment based on AAII's A+ Investor grades, which compare both companies' key financial metrics.

Incidence of mortgage fraud perpetrated against borrowers is on the rise, the Financial Markets Authority says in a warning ...

Related: The Massive Thrift Store in Virginia that Takes Nearly All Day to Explore For fashion enthusiasts who follow trends but balk at retail prices, the store offers current styles at accessible ...

Two lenders challenged a Court of Appeal ruling that said ‘secret’ commission payments paid by buyers were unlawful.