Payment history is a major consideration when it comes to calculating your credit score, making up ...

If you're receiving money from a family member to help with your down payment, you'll likely need to have them write a letter explaining that the funds are a gift. Conventional mortgage borrowers ...

If you don't have the down payment money, loved ones are allowed to help. But you'll need what's known as a "gift letter." A mortgage gift letter is a notice from your donor declaring that the ...