Can I give my kids money to buy a home?
Tags: home buying, down payment, mortgage, gift
I frequently get asked by clients how they can help their children buy a home. It is a challenging market right now, and is very difficult to both pay for rent and save a large down payment while watching home values rise more quickly than a buyer's savings, so a gift towards a down payment may really make a difference between home ownership and not. The short answer is YES mom and dad...Read More