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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/so-your-parents-are-essentially-fronting-you-the-30879620.aspx

Subject:  Re: Buying my first home - Check my reasoning pl Date:  9/20/2013  12:11 PM
Author:  YewGuise Number:  126353 of 128075

So your parents are essentially fronting you the closing costs, including prepaids?
... a loan is a loan is a loan, and should be disclosed to the lender. Otherwise, you are committing fraud. If your parents gift you the money, you can always gift them back later, but they can't hold you to it. A gift comes without the promise of repayment.


I would certainly recommend that OP's parents be well able to a