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sa226 · 03-09-2010, 04:39 PM

I think the distinction comes from what the government considers a traditional down payment vs nontraditional. I believe they think there is more risk associated with non-traditional sources for a down payment.

I think a gift falls under "non-traditional"

This is only scratching the surface of the matter, but I think that is the basis as far as the government is concerned, before you get all creative with the down payment.

03-09-2010, 04:39 PM	#43
sa226 #1 Goaltender Join Date: Apr 2009 Location: Back in Calgary!! Exp:	I think the distinction comes from what the government considers a traditional down payment vs nontraditional. I believe they think there is more risk associated with non-traditional sources for a down payment. I think a gift falls under "non-traditional" This is only scratching the surface of the matter, but I think that is the basis as far as the government is concerned, before you get all creative with the down payment.