Mortgage Help From Mom & Dad

More parents are financing their children's mortgages.

With the economy the way it is, many parents are helping their adult children with mortgage loans...either by financing the loan for them at a lower rate than they'd get on their own or by loaning their own money to their children.

According to the National Association of Realtors annual profile of home buyers and sellers, nine percent of first-time home buyers who made a down payment
received a loan from a relative or friend last year.

That's up from 6% in 2009.


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