Fannie Mae allows lenders to keep it simple when documenting a gift, by allowing the gift donor to send a certified check to closing. This technique prevents a lot of additional paperwork that your lender will ask for if the gift donor gives you the money directly. If you are getting a gift to purchase your new home, let’s talk first!
Related Article Title: Fannie Mae’s Top FAQs – NEW MTP™ – What is The Difference Between a Second Home and Investment Property? Written by: Lloyd Rutherford, Staff Writer FAQs published by Fannie Mae are a great way to learn a lot in a quick period of time. Read through this latest FAQ release and pick […]