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Updated about 6 years ago,

Thomas Johnson's profile image
Thomas Johnson's profile image
Thomas Johnson
  • from Medford, MA
  • Member since Apr 2, 2018
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Thomas Johnson's profile image
Thomas Johnson's profile image
Thomas Johnson
  • from Medford, MA
  • Member since Apr 2, 2018
Connect
Thomas Johnson
  • Medford, MA
0
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3
Posts
Creative Real Estate Financing

Can my parents loan me down payment from their Heloc?

Thomas Johnson
  • Medford, MA
Posted
Hi guys, My folks have substantial equity in their portfolio and want to loan me enough money so that I can avoid PMI. Is this legal? Can they give me a second mortgage? What are the tax implications? Thanks!
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