Wedding Gift Idea: Down Payment Registry:
A new marketing campaign from a home builder is reaching out to engaged renters and showing them how they can start married life as first-time home owners. Keystone Custom Home’s campaign is urging engaged couples to sign up for a Wells Fargo Bank gift registry called the New Home Bridal Registry to help save for a down payment on a home. Family and friends can make deposits into the account as a wedding gift, but they must keep a record of who gave what amount, in order to follow tax rules. The couple can then use the money in the account to buy a home. They’re not obligated to purchase a Keystone home either. However, they are obligated to use Wells Fargo as their mortgage lender, Learn more.
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