Kim Gibbons quoted in National Post re: Immediate family gifting a down payment + Guarantors and Co-signers of mortgages
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.
To read the full article please click here…
Kim Gibbons, ” Your Mortgage Superhero ®”
Mortgage Broker
FSCO lic. M08001363
416-400-8107
kim@mortgagesuperhero.com
www.mortgagesuperhero.com
Related Articles:
You can leave a response, or trackback from your own site.