A mortgage gift letter names the donor, states the amount and says no repayment is expected. Here is a template, what each loan type asks for, how the money has to move, and where Massachusetts programs change the answer.
Category: Home Down Payment Strategies
Before parents co-sign a mortgage, look at the buyer’s debts. Paying off a car loan first can raise what the buyer qualifies for by tens of thousands of dollars and keeps the parents off the loan.
Free Consultation Have RSUs? Thinking About Buying in Massachusetts? John Donlon has helped Massachusetts buyers navigate complex income and equity situations since 1998. No pressure, no obligation.978-922-4446 JDonlon@GoldCoastMortgage.com Call John — It’s Free Should You Sell Your RSUs for a Home Down Payment in Massachusetts in 2026? By John Donlon Published March 23, 2026 · […]