[jeebuss31]

Originally Posted by cptacek

Are you talking tax wise? The lender can't tell and most like doesn't care. The tax man will. A person can give $12,000 a year to someone without triggering the gift tax. So, your dad can give you $12,000 this year. If you are married, he can also give $12,000 to your spouse. If your dad is married she can give you $12,000 and she can give $12,000 to your spouse.

If you or dad are not married, he can give you $12,000 this year and $12,000 next year and $12,000 the year after and $4000 the year after that.

Thanks for the break down! But wouldn't it be easier if our dads just wrote the check to the mortgage lender? That way it'll be just one simple payment.