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Podcast: Saskatchewan Real Estate Podcast
Episode: Helping My Kids Buy a Home
Description: Are you wanting to assist your kids with the purchase of their first home? Did you know there are some important things to be aware of.This week we sit down with CEO of BRX Mortgage Scott Peckford and discuss the benefits and pitfalls of Mom and Dad helping with a purchase.
00:00 Intro
02:06 Gifted Down Payment/ Mortgage Default Insurance
05:05 Ability to Qualify in the Future When Going on Title
07:10 When Does The Money Need To Be Gifted
10:15 What Happens When Someone Misses A Mortgage Payment11:20 Future Planning For Your...