Buying a first home can be pretty stressful and will likely impose a fairly hefty financial burden on the purchaser.
Many parents and grandparents may be tempted to lend or give money for a deposit or even act as a guarantor or co-signer for a mortgage in order to try to ease the financial pressure on their offspring. Financial advisors urge them to look at the bigger picture before becoming entangled with a family member’s money matters.
Kim Gibbons, ” Your Mortgage Superhero ®”
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