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LTV Question
pattyplum
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Also, if my spouse owns our current home (bought pre-marriage; titled only to him), but won't be on the new mortgage because he is self-employed and alt-doc loans are too scary, can I still use money from the sale of our current house for down payment, closing costs, etc.? Is there a cap on this? Would this be considered a gift? And, does anyone know what the tax implications for him would be?
Thanks in advance for any help you may be able to offer!
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