[quote=ltsdd][quote=squat300]one of the terms of my mortgage to my kid is he must come over every friday night for dinner.
well, i see flu’s point.
it would be cool if I were ina position to someday help my kid.
one big problem i see is with having different kids in different life situations. I might think one of them is an idiot for buying a house ina particular situation, while another one is extremely stable and sharp and ready.
one of the worst things parents can do is play favorites. it is very very damaging. ibelieve in fairness amongst kids,a nd it would be difficult to achieve utter fairness as a lender.
what if my kid started haggling with me over his laon rebate cause his appraisal came in high?
therefore i think this should only be done in single kid families or where loans are freely available at all kid’s discretion.
but then would you get to shoot them down if the third kid was buying too much house in your opinion?[/quote]
What if your kid complained that the value of the house is a lot less than what he owes on the loan and wants to default?[/quote]
