Helping My Kids Buy a Home

Are you wanting to assist your kids with the purchase of their first home? Did you know there are some important things to be aware of.This week we sit down with CEO of BRX Mortgage Scott Peckford and discuss the benefits and pitfalls of Mom and Dad helping with a purchase. 00:00 Intro 02:06 Gifted Down Payment/ Mortgage Default Insurance 05:05 Ability to Qualify in the Future When Going on Title 07:10 When Does The Money Need To Be Gifted 10:15 What Happens When Someone Misses A Mortgage Payment11:20 Future Planning For Your Kids 13:20 Rental Properties with RESP's 17:13 BRX Mortgage CURIOUS ABOUT A CAREER IN MORTGAGES?? Or are you an existing broker looking for a change? Check the website below to learn more why BRX is Canada's fastest growing brokerage!https://www.whybrx.com/agent/ronald-quaroni To connect with Ron, book a time in his calendar.https://ronqmortgage.ca/contact/ Did you love this episode??? Check out more great episodes and help the channel grow by liking and subscribing! Make sure to follow along Instagram for more Saskatchewan Real Estate content https://www.instagram.com/saskatchewanmortgage/ DisclaimerThe information in the video is for demonstrative purposes only. It does not take into account the specific objectives, circumstances and individual needs of the viewer. Its purpose is educational and should be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. The authors and sources and any other party identified in the video/audio podcast do not assume any liability of any kind in connection with the information provided.#canadianrealestate #saskatchewan #Gifteddownpayment