Quote:
Originally Posted by Parallex
In that case RBC screwed the pooch on mine because that's exactly how we got ours. I think all you need is a Gift letter where someone says they gave you the money. Regardless, just ask your lender about their rules regarding gifting.
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This is how I received my mortgage as well. To obtain the actual mortgage, I had to get a gift letter mentioning that the 20% would be transferred to my account. That was all I needed