Ryan McKeown, CFP®, CFA, Senior Vice President and Financial Advisor at Wealth Enhancement, was featured by The Wall Street Journal in the article, “How Families Can Beat 7% Mortgage Rates and Lower Their Tax Bills”
It is perfectly legal for families to lend money to a relative for a down payment or even a private mortgage. But it is important not to cut corners, says Ryan McKeown, a CPA with Wealth Enhancement Group in Minnesota. If the loan is for a down payment, be honest with the mortgage provider and have a formal agreement.
Access the full article here: How Families Can Beat 7% Mortgage Rates and Lower Their Tax Bills - WSJ
