Many parents are helping their children buy their first home by providing money for their mortgage downpayment. If you are also thinking of helping your kids with their home purchase, you may want to consider the Family Equity Plan instead of gifting your cash directly to your children.

You can still give them the money via the Family Equity Plan, but it will appear as a charge on title and protect your money from future claims. You will not appear as an owner on title and you will not be charged interest.

The Family Equity Plan is a great way to ensure your money is protected, while still helping your children buy a home. If you'd like more information, please Contact Us at anytime.