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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 949-456-9777 or click the “call me now” button below.
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Free maps for most cities in So. Orange County
I have most of the city maps for South Orange County and will be happy to send one to you.
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 Compare three mortgages at one time.
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Frances Hicks is one of The Top
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A $500 donation to your favorite chairty! Every family has a favorite chairity, if you refer a buyer or a seller to me, I will make a donation in your name to your favorite chairity.
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Financing Your Home >Financial Help
Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.
Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?
Whatever form it takes, parents who help their children buy a home give them an incredible gift!
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| Q |
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?
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| A |
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean. |
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Randy Stitt, Senior Loan Consultant!
Call Assurance Capital Home Loans for the best interest rates and mortgage options today!
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