Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

Mortgage lenders need documentation for large deposits in your bank account. For gifted funds, this means providing a gift letter. A gift letter should include the name and contact information of the ...

What Is a Gift Letter? A gift letter is a piece of legal, written correspondence explicitly stating that money received from a friend or relative is a gift. The most common use of gift letters is when ...

Text Callout : Key Takeaways - Gift Letters For Your Mortgage: What You Need to Know Making a down payment on a home purchase can be a significant investment. If you're lucky enough to have someone ...

Cash gifts from others can be used toward a down payment or home purchase. In order for a cash gift to be eligible, mortgage lenders require a gift letter that specifies the amount of the gift, its ...

A gift letter for a mortgage confirms that some or all of the borrower’s down payment money is a gift that doesn’t need to be repaid and that the giver isn’t involved in the purchase or ownership of ...

Q: I would like to transfer my 1999 Toyota Corolla to my son as a gift. I’m on disability, so what documents do I need to fill out? Where can I find them? A: This is one of the most popular questions ...