Real estate blog entries tagged with loan down payment by Weichman Realtors, A Trusted Name In Costa Mesa Real Estate

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Home : Blogs : Larry Weichman : Larry Weichman's Real Estate Blog : Tag "loan down payment"

loan down payment: ALL IN THE FAMILY - 12/05/09 07:08 AM

Many areas of the country are experiencing buyers markets, and current tax laws make this a very attractive time for parents to help their children become homeowners. Prices and interest rates may never be lower than they are now, so strongly consider this potential investment in your children's future.
As parents, you can provide a significant down payment, free of taxation. Individuals may gift up to $13,000 per year, so two parents making gifts to their child and spouse can give a total of $52,000 in one year without paying gift tax!
Above and beyond the outright gift, you may … (1 comments)

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Larry Weichman

Costa Mesa, CA

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Weichman Realtors, A Trusted Name In Costa Mesa Real Estate

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