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2017Local Financing Leader, serving all Cumberland County, MaineNCUABuy, Refinance, and RateCheck It is the transfer of money from one individual to another It is the transfer of money from an individual to her/his bank account or that of another person

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There's a right way and a wrong way to accept a cash gift for a purchase and if you do it the "wrong way", your lender may disallow the gift and deny the loan.

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Once you have determined how much you can pay each month, you need to figure out how much of that total amount will go to each loan.