Not Your Parents Home-buying Experience

3 options for buying your parents a home Buying a home for your parents to live in is basically buying a second home with another mortgage added to your monthly bills. That can be difficult to do, though there are two other options if adding another mortgage bill to your finances isn’t possible.

For single people looking to buy a home – whether they have children or not – the first thing they may want to look for if they have a low to moderate income is a home buying program that doesn’t require a large down payment.

How can I purchase my parents home without using a real estate agent in CA.? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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How will the new frontier of interconnected mortgage transactions reshape the consumer experience and offer reprieve for a growing mortgage origination cost structure? 67 percent of current renters under the age of 50 still expect to attain home ownership despite declining national rates of home ownership and increased pressure on affordability.

i think the plan for you should be to work for your parents business as long possible, before both you and your parents figure out if you can run it and buy it. my 2nd question meant this. Lets say you buy it for 1.8mil with 10 year financing under 4%. This means your payment will be $18,000/month.

If you’re about to go through the mortgage process for the first time, you probably have some questions. And there are probably some aspects of the buying process that you haven’t even thought to ask questions about. That’s why I’m sharing my experience with you. Here are some things I learned from my very first home-buying experience.

Also do not let them buy the house and then put it only in your name, this would be considered a gift by Medicaid that would have to be accounted for and they would be penalized for it. Medicaid has a look back period. You never think that your parents might have to apply for Medicaid, but a stroke , a massive heart attack can