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lowside67 · 08-26-2016, 12:28 PM

Parental help would be a loan at an interest rate = inflation and signing the mandatory letter saying its a gift so you can qualify for a mortgage and then repaying them in a few years.

Parental charity is asking for them to give you half of your down payment.

Maybe it's my ethnicity but the former would be a tough request and the latter would be a complete waste of time - not going to happen. And I wouldn't ask, they worked hard for what they have, they should spend it.

Mark

08-26-2016, 12:28 PM	#7989
lowside67 Old School RS Join Date: May 2004 Location: Port Moody Posts: 4,641 Thanked 4,157 Times in 1,262 Posts Failed 130 Times in 80 Posts	Parental help would be a loan at an interest rate = inflation and signing the mandatory letter saying its a gift so you can qualify for a mortgage and then repaying them in a few years. Parental charity is asking for them to give you half of your down payment. Maybe it's my ethnicity but the former would be a tough request and the latter would be a complete waste of time - not going to happen. And I wouldn't ask, they worked hard for what they have, they should spend it. Mark __________________ I'm old now - boring street cars and sweet race cars.