The Bank of Mom and Dad is a Lifeline for Many Millennial
Home Buyers
According to Zillow, 20 percent of homebuyers today
receive a monetary gift or loan from family or friends. As well, nearly
one-quarter (24 percent) of buyers combine two or more sources to finance their
down payment.
Translation: Millennials often need financial assistance
from their parents to buy a first home. Of course, call the Easterbrook
Team for guidance before accepting money. To get some preliminary
instruction, here are some guidelines: CLICK
HERE for the article.
The Easterbrook Team
"We Make the Loan Process Easy"
916.850.6050
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