50 Important Things To Do Before Buying A House

37. Document Large Financial Gifts

A lot of newlywed couples will get a gift of money from their parents after they tie the knot, and for some, it is a significant amount of money. If you deposit this into your bank account, your lender may be suspicious that you may have actually taken out a loan from your parents, and that you will be bogged down with repaying multiple parties. Ask the person who gave you this gift to sign on a piece of paper that they gave that money to you as a present, and not a loan.