Can anyone gift you the downpayment? THE ANSWER….NO!! So who can??
Many people assume that a gifted downpayment can come from just about anyone, but there are a few rules about who can give you the gift and how you receive the gifted monies. Edmonton Real Estate Today’s host LeRoy Warden tackles this question by asking Donna Austin of Canadian Western Bank about the rules around gifted downpayments. Homebuyers this is another option to consider if you are thinking about buying a home in Edmonton and surrounding area.
If you want EVEN MORE ways to get your down payment, click on https://www.youtube.com/watch?v=ONhRtfpcNPw&t=92s
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This video is intended as general information only and is not to be relied upon or considered as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not warranty or guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of our guest/speaker as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Edmonton Real Estate Today, Leroy Warden or any of its affiliates.