Irvinecommuter
New member
Hi everyone:
Wife and I are getting close to getting a home and are saving up for a 10% down payment. We have good income and save a significant portion away every month. However, we will be getting a substantial portion of the down payment from family. My question is what are the do's and don't's at this point.
We will have enough downpayment by end of January to have the 10% and since we are buying new, we will have about 6 months of time to bank more money before we have initiate the loan.
Thanks!
Wife and I are getting close to getting a home and are saving up for a 10% down payment. We have good income and save a significant portion away every month. However, we will be getting a substantial portion of the down payment from family. My question is what are the do's and don't's at this point.
We will have enough downpayment by end of January to have the 10% and since we are buying new, we will have about 6 months of time to bank more money before we have initiate the loan.
Thanks!