Our writers and editors used an in-house natural language generation platform to assist with portions of this article, ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

CNBC Select explains how to apply for a mortgage, from preparing financially and getting preapproval to undergoing the ...

You just might need a bit of documentation — specifically, a down payment gift letter — to make it happen. A mortgage gift letter is a statement written by the person who gifted you the funds ...