The Bank Of Mom And Dad
The Bank of Mom and Dad is apparently one of the nation’s largest financial institutions, providing over a quarter of the FHA’s mortgage volume last year. The question arises as to how parents should financially structure their support: through outright gifts; via formalized loans, as guarantors or as co-borrowers. This podcast also considers the question of how much to give. Learn more about your ad choices. Visit megaphone.fm/adchoices