What Is A Gift Letter?
We get a lot of questions about Real Estate in Santa Clarita. This week we’re answering your question what is a gift letter?
A: A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. This verifies where the money is coming from.
If you are considering making the transition into homeownership, be sure to contact us here, or at 661-373-2374 for all your real estate needs.