All things “gift” - Episode 6
Hali Plachecki, MGIC National Trainer
All things “gift”
In the mortgage world, when we hear the word “gift,” we think: A gift involves money. In this episode, Hali provides insight into some of the specific requirements around gift documentation, including who is eligible to give a gift.
Episode breakdown:
- What is a gift? Are there different types of gifts? How can someone obtain a gift? (0:49)
- What's a gift of equity and how is it documented? (2:50)
- Who is an eligible donor? (3:47)
- What's the easiest way to document the transfer of gift funds? (4:46)
The opinions and insights expressed in this Q&A are solely those of its interviewee and do not necessarily represent the views of either Mortgage Guaranty Insurance Corporation or any of its parent, affiliates, or subsidiaries (collectively, “MGIC”). Neither MGIC nor any of its officers, directors, employees or agents makes any representations or warranties of any kind regarding the soundness, reliability, accuracy or completeness of any opinion, insight, recommendation, data, or other information contained in this blog, or its suitability for any intended purpose.
