eligibility

Can I get help from my parents or family members to get a mortgage?

Yes, family members are allowed to assist with the down payment by gifting or lending you the money for this purpose. However, it's important to keep in mind that some banks may require documentation to prove that the funds have been gifted and are not a loan. It's always best to check with your mortgage broker or the bank to ensure that all necessary documentation is provided to avoid any issues in the future. Additionally, it's important to make sure that the gift or loan is properly documented and legally binding to avoid any misunderstandings or disputes later on.

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