Весь параграф: Here’s some more easy-to-digest information when it comes to that:
Your existing mortgage, property taxes, credit cards, loans, etc. are included in your debt.
Your existing mortgage cannot be debt-serviced unless you are planning on converting it into a rental property. The full debt from the property will apply.
The down payment cannot be a gift if you are buying for a family member, but may be a gift if you are buying as a second home or vacation property.
You will not be able to claim income from your new property, even if your family member is paying you rent.
