The Washington Post published an article today that is really better suited for spring but is a good article none-the-less.
The gist of it is that if you are getting married and are hoping to get cash gifts so you have enough down payment on the purchase of a home, you can do so without the dreaded ‘no no’ of asking for cash. You can give the wire transfer or deposit information for your home purchase bank account… a special account you set up specifically for people to send gift money to. Please read the article as there are some details you will want to make sure to follow.
For those of you in South Central Wisconsin, give me a call if you are interested in doing this. Note that not all loan programs will allow gift funds so it’s important for you to really understand your loan. Also, the loan type may dictate the condition or type of home you can purchase. You want to work with a lender that will explain the right details to you and an experienced Realtor that knows what they are doing.
LINK TO WEDDING REGISTRY CASH FOR HOME PURCHASE ARTICLE
Take care,
Susan
Filed under: Buyer Information
