How to document the gift (a mortgage gift letter). The rules are different ... even if you don’t have to pay them back. For example, maybe your parents offer you money for your down payment ...

Your lender might have a gift letter template it requires borrowers to use, so be sure to ask your loan officer before writing your own. Below is a sample for illustrative purposes only.

For over 42 years, the mission of the Evelyn C Peeler Children’s Holiday Gift Fund, an all-volunteer program, is to ensure that Ridgefield children in need experience the joy of opening gifts ...