Crowdfunding a Home Purchase

Getting married? Start a crowdfunding account for friends and relatives to gift money toward your home purchase:

How is Crowdfunding different than getting a down payment from a relative?
What is required to set up a crowdfunding account?
Do donations have to be contingent on buying a home?
Does HomeFundIt keep any of the money collected?
Do I have to be a first-time home buyer?
Is there a time limit to the money being used?
Is there any risk to loosing money that is collected?
Is there a limit to how much one person can give?
Is there a tax implication?
What is the Process to set up a crowdfunding account?

Host: Kathi Browne, Realtor with Coldwell Banker Wallace & Wallace

Guest: David Lawson, Senior Loan Officer CMG Financial

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