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Looking to buy first home. Questions about parents assisting by buying all cash.
Looking to buy first home. Questions about parents assisting by buying all cash. I’m looking to buy my first home. With rates being ~7.5% right now, my parents have offered to buy the home cash and act as the bank and offer me a rate of their choosing, ~6%. I would then refinance if rates come down in the future to completely pay them back and secure my own loan with a lender. Need some advice on this strategy and if it make...
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