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Podcast: Foster & Motley : A Podcast About Wealth & Life
Episode: Should I Consider Loaning Money to My Kids? With Joe Patterson, CFP
Description: Have you thought about supporting your children in purchasing their first home? With the increasing interest rates, there is a growing trend of parents stepping in to provide assistance with down payments or initial purchases.In this episode, Joe Patterson, CFP, delves into the burgeoning trend of family loans and examines the various strategies parents can employ when considering this option to offer support. Joe shares more about:The rising cost of housed and the challenges of affordability for younger buyersStrategies to provide assistance to your children while fostering their independenceEffective approaches for structuring lo...