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Updated about 5 years ago,

User Stats

80
Posts
59
Votes
Kyle Brodwater
  • Rental Property Investor
  • Westerly, RI
59
Votes |
80
Posts

Can someone “gift” you money for a down payment utilizing HML?

Kyle Brodwater
  • Rental Property Investor
  • Westerly, RI
Posted

Quick question, can I borrow $20k from my mother and have her gift it to me? I would then use that $20k as a down payment for a property utilizing a HML. Basically is there a seasoning period for that money with a HML, to be in your account like a bank or no? Thank you!

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