Quote:
Originally Posted by onetwo_threefour
You were going so well up to the end, I WA going to thank your post. But there's a fatal flaw there, every lender I deal with will have a condition that the down payment is not borrowed. A gift from your parents is fine, a loan is not.
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Alot of lenders will ask for three months bank statements to confirm that you've had the money for that long. If you do, then they consider it "savings". You can even be sneaky and put it in a GIC. Print a snapshot of all your holdings with the bank (accounts, loans, investments, etc). These snapshots typically don't have the date the GIC was purchased, so most of the time, you're good to go