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A Guide toFamily Mortgages*The smart way to manage mortgage loans between family members.* For Residential Real Estate Agents 2023. National Family Mortgage, LLC. All rights reserved.1Table of Contents
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A family is a group of individuals related by blood, marriage, or adoption, typically living together and sharing emotional and financial support.
Individuals or entities that meet certain criteria such as financial dependence or legal relationships are required to file as a family.
To fill out a family form, gather necessary information about each family member, including names, relationships, birth dates, and any relevant financial details.
The purpose of defining a family is to establish legal recognition for support, benefits, or obligations that apply to family units.
Typically, names, relationship statuses, ages, and financial dependency information must be reported.
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