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Would You Ask Your Family For Down Payment Help?

Many young couples are betting that it's an ideal time to buy their first homes because there's better value on the real estate market, but barriers from banks' stricter requirements have caused them to turn to another lending source. These want-to-be homeowners, many who never asked for financial assistance in their adult lives, are turning to family members for help with down payments and related buying expenses like closing costs and co-op fees. Arguing that the properties will likely appreciate, some of these relatives are obliging with hope of participating in the eventual gain.


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