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Week of Oct. 22nd-Millennials’ New Weapon in Bidding Wars: A Parent’s Home Equity

October 22, 2017

Call it the mortgage merry-go-round: Parents refinance their home to fund the full cost of their son or daughter’s desired home. This allows the child to compete as a desirable all-cash buyer in an area where bidding wars are common. Then, when the purchase closes, the child refinances the new home and pays the parents back.  Read more



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