Contributing funds toward a home can be a big help for your child, as long as you document the gift correctly.

A gift letter for a mortgage verifies the source of a homebuyer’s gifted down payment funds. The gift letter proves that the funds are in fact a gift and don’t have to be repaid, and that the ...

Which costs it can be used for. How to document the gift (a mortgage gift letter). The rules are different depending on the kind of loan you get. Whether you’re giving or receiving a gift ...