as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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buying a home with down payment from family as a loan
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keep in mind that lenders will consider the terms of any loans you have when determining your ability to pay back the mortgage. they'll want to see paperwork, or if you claim it is a gift they will require a letter to that effect from your relative. obviously, this could effect your ability to qualify for a loan.
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