How can co-ownership help my children own property?

Answer

When you buy a home with your kids you share responsibility for the costs involved while receiving the benefits of investing in property.

It’s important to understand that as a co-owner you are included on the loan and are responsible for the entire debt until it is repaid. 

So that means even though as a co-owner you’d technically own only half of the property, if your child failed to pay their part you could be responsible for repaying the entire loan.

 

Important information

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