Prenups aren’t just for the rich and famous anymore. More and more couples are signing on the dotted line before walking down the aisle. We asked a group of women their take on the prenup and why they did or did not sign and what they learned from the process. Here are their stories: …
Can I Borrow Money for My Down Payment Using the Bank of Mom and Dad? Can I borrow money from my parents to use for a down payment on a house and will mainstream lenders accept this? If I do a formal loan with my parents how does that affect my ability to get …
Can I Borrow Money for My Down Payment Using the Bank of Mom and Dad? Read More »
My mother has been on an educational tour through her friend groups and coffee clatches, educating her friends about parents’ risks of giving money to their kids to help them buy a home. Almost everyone had no idea that gifting money to their child could be risky. One of her friend’s responses was, “no problem, …
Risks of Borrowing from the Bank of Mom and Dad – Is a Loan Really a Loan? Read More »
You’ve been dating this really great person. It’s a fantastic relationship. You’ve been together six months, and you both are on the same page that you want something long-term. You’ve started talking about moving in together and marriage, and as part of that conversation, your boyfriend says he won’t move in without a “prenup.” You …
I’ve Been Asked to Sign a PreNup. I’m Offended! Here’s Why You Shouldn’t Be. Read More »
Did you know that 33% of Canadian Homeowners needed help from their parents to purchase a home? Manulife Bank published its 2021 Spring Debt Survey with the results showing that many Canadians feel homeownership is out of reach. This is especially true for Millennials and first-time home buyers. Where are they turning? To the Bank …
The Biggest Mistakes the Bank of Mom and Dad Make – and How to Avoid Them Read More »