You’ve reviewed your finances and have decided you can afford to and want to help your child buy Santa Cruz real estate. Is lending the money to your offspring your best option? Here are some questions to consider when making this decision.
1. Will you need the money later?
If there’s a chance that you might need the money to live on at some point, lending the money to your child is a better option than giving it to them. You can always forgive part of the loan later on, if you find you don’t need the money to live on.
2. How much should you lend?
Depending on your financial situation, you can lend part or all of the down payment or part or all of the purchase price of the Santa Cruz real estate.
If you have enough money to lend the entire…