Gift Of Equity Letter Example. Convert them into templates for numerous use, insert fillable fields to gather recipients? Use this mortgage gift letter template if your lender has specifically asked for a statutory declaration.
The solution is to ask for a gift letter to accompany any large financial gift you use for your down payment. Benefit from a digital solution to develop, edit and sign documents in pdf or word format online. A gift of equity requires a gift of equity letter, which is a letter stating the facts of the sale and is signed by both the seller and the buyer.
The realtor of the transaction who is a member of the family may also qualify.
Variety of equity letter template that will completely match your needs. Check today’s mortgage rates here. Keep in mind that the home would have to appraise for $100,000 in this case. A gift letter is a statement that ensures your lender the money that came into your account is a gift and not a loan.