Getting a Mortgage With Your Parents
It’s entirely possible to get a mortgage in the current Okanagan real estate market as a young single person. The availability of first time buyer incentive programs along with favorable mortgage rates make entry viable for someone who wants to start building their equity. That said, you’re interested in tapping into another valuable resource – your folks. While there are a number of benefits to getting a mortgage with your parents, you’re on the fence about whether or not you should partner with them to invest in a home. Below is a breakdown of why it may be a wise decision that supports your goals for today, and tomorrow.