Why am I being asked this from my mortgage broker?
I am about to get an FHA loan through a mortgage company for the purchase of a home. I have the down payment but the man doesn't want me to put it in my checking acct directly but give to a family member so they will write me a check with house gift in the memo section. Is this a bit fishy, and why is he asking me to do it this way?I really want this house (it's our first) and we don't have the 20% down that the banks want. Any advice is appreciated......Thanks, GRTHFN
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