Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

I mean we all pay taxes in some form; I would rather them be used to ensure people have a home than on corporate tax breaks, billion dollar planes that don't work, a stupid racist border wall, and as a gift to Israel so it can be used to kill Palestinian children.

But what I've noticed is that the people who really excel in real estate have this whole bank of knowledge when it comes to types of loans, intricate tax strategies, and how to leverage money in ways that help with rehabs, investments, without requiring a lot of their own money or financial histories being attached etc...

All of a sudden it turned out to be an inheritance/gifted money/whatever.

I'm gifting to both of my 20-something children in the hopes that they apply this well-scripted path to not just financial, but life-independence.

But... it occurred to me... that I can gift him (currently) $16k/year tax free, which comes out to about $1300/mo.

You can get 100% financing on FHA with a seller contribution of 6% and a gift from a relative for the rest of the closing costs.

You'll get ~$650+ in gift cards.

My lender has told me that it will be easy to add me to the deed 6 months to 1 year down the road and that it will be relatively cheap, but I am wondering if adding me will technically be considered my partner gifting me for tax purposes.

You could also get a gift to purchase your first home.