Turn Home Equity into a Living Legacy
Could Your Home Equity Help Your Children Buy Their First Home?
When parents think about leaving something to their children, they often think about an inheritance someday.
But there's another way to look at it.
What if part of that help could happen while you're still here to see what it accomplishes?
Some financially comfortable homeowners may choose to use a portion of their home equity to help an adult child purchase a home—perhaps assisting with a down payment, closing costs or other eligible expenses.
I like to call that a living legacy.
It doesn't mean parents should compromise their own financial security to help their children.
Quite the opposite.
Their own financial needs should come first.
But for homeowners who have substantial equity and place a high priority on helping their family, understanding how that equity might be accessed can be worth a conversation.
Sometimes an inheritance doesn't have to mean waiting until someday.
It can mean helping someone you love today—and being here to enjoy seeing the difference it makes.
Click Here for more information.
Rob Clark | Home Loan Consultant
209-227-7745 | 559-476-9279
rbrtclark53@gmail.com
robertclarkloans.com
Advertising Disclosure: This information is for educational purposes only and is not legal, tax, investment, estate-planning or financial advice. Accessing home equity may reduce the equity ultimately available to the homeowner or estate. Programs, terms, costs, eligibility requirements and availability are subject to change. Homeowners should consider their own financial security and consult appropriate professionals regarding their individual circumstances.
NMLS #357788 | Firestone Financial Group NMLS #301522 | CA DRE #01148307 | Equal Housing Lender
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.