Doing a endowment message to some1 for a down gift on a home loan. can they repeal that money for other uses?

im doing this bequest memorandum so my fiance and i can buy a home. he only just open an justification. so the loan officer say to do this payment and put the funds into his details. will we be capable of use that money for the time person for anything we choose, or will the hill not agree to us touch it, because the contribution missive say its for a down settlement on a home?

Answers:
wow, Everything in me say depart it alone. It is a tough time for loans right presently from an underwrite standpoint and they may look at that information more closely. If you don't own the money surrounded by here how can you use it when it comes time for the loan to work? The contribution note is a moment ago to confirm where on earth the money is coming from, they still will expect the money to be in attendance at closing. They also want the funds to be aged! sometimes 90 days in the story.
use it - you will lose it

so if you use your money (greedy) later you won't enjoy a home.

how do you consider this mortgage crisis started...greed.

pious luck :)

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