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Updated about 4 years ago on . Most recent reply

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Eli Mohrland
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8
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Best way to utilize money gifted from family

Eli Mohrland
Posted

My girlfriend and I are thinking about taking a loan out to purchase our first home, we've already been approved at churchill mortgage for a single income loan around 150k we have around 8 grand to put down ourselves and are in the privileged position of having family members who want to assist us with money.

We're Curious what the best course of action is with this gifted money, probably around $10,000 to maximize the benefits and avoid doing anything illegal!

Thanks for any advice we could really use it!

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