Should You give your Child a boost to Home Ownership? with guest Harvey Wood
ets face it, its not easy for young people to get started today on the road to home ownership. Parents and grandparents realize the importance that home ownership has had in their lives and they want to help. Lending money is common practice.
Unfortunately, so are disagreements between family members over money issues.
Relationships can be soured by unpaid obligations between family members.
Done the right way, an informal loan is a good deed: enabling a loved one to fulfil the dream of that first home without the lender suffering financial loss.
Join Lynn and her guest Harvey Wood as they discuss the pros and cons of lending money to family and give some suggestions as to how to keep it a win/ win situation for all involved when you choose to do so.
They will share:
*Observations from years in the Financial Industry
*Tips on what to consider to help make lending a positive experience for everyone concerned