Hi,
My parents are relocating and selling their primary residence. They got house valued at market value. They are giving some money to each of their children. I would like to buy the house. Can I take the money they are giving me as inheritance off the price of the house or must I take a mortgage out on the whole thing and they give me the money after.
Not sure I can afford the whole mortgage on its own.
Thanks you
My parents are relocating and selling their primary residence. They got house valued at market value. They are giving some money to each of their children. I would like to buy the house. Can I take the money they are giving me as inheritance off the price of the house or must I take a mortgage out on the whole thing and they give me the money after.
Not sure I can afford the whole mortgage on its own.
Thanks you