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A comment on Advice from Harvard Business School's Class of 1963. Parent comment

Re:Advice from Harvard Business School's Class of 1963 by sneak on Monday November 18, 2013 @07:32AM (#6753986)
> which I wouldn't mind having loaned, not a giveaway

It is fraudulent to make a down payment for a mortgage with borrowed money according to most mortgage contracts. IIRC even gifts from parents for down payments generally need to come with documentation clearly stating that it is a gift and not a loan.

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Re:Advice from Harvard Business School's Class of 1963 by cowsandmilk on Monday November 18, 2013 @08:21AM (#6754152)
as someone going through the mortgage process currently, I can specify that some of my down payment is a loan. Not sure what you are talking about. If you hide the fact that it is a loan, maybe it is fraudulent? But it very clearly is allowed as I can specify it in the paperwork.
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