Think before gifting down payment on kids’ home
July 26, 2012 by Adil Virani
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News
With high real estate prices and tighter mortgage lending rules, it can be tough for first-time homebuyers to get into the market. Many new homebuyers look to parents for help, and many boomers and soon-to-be retirees are quick to help out by offering the down payment. Is this a good strategy? Many years ago, when […]
