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Company Loan Type APR Est. Pmt.

Buying a home with my child of which I will pay my 50% cash. The bank wants the 50% to be seen as a gift. Is this always the case?

Buying a home with my child of which I will pay my 50% cash. The bank wants the 50% to be seen as a gift. Is this always the case?

Buying a home with my child of which I will pay my 50% cash. The bank wants the 50% to be seen as a gift. Is this always the case?


Anonymous's picture
Anonymous
8-12-2015

2 Answers
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1
Whom do you want to keep as the title holder of the home? If it's you, then you may pay 50% down and hold the title in your name. Or else, you could let your child keep the home.

Caron | Asked on 2015-12-09


1
If you are NOT on the loan then yes they want to see that it was not a loan from you   Good Luck Brian Barnes Senior Mortgage Advisor loans in all 50 states Brian@AimWithFocus.com  

brian1 | Asked on 2015-12-09

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