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How Your Parents Can Help With Your Mortgage


Some lenders are now letting parents help their children qualify for huge mortgages by co-signing.

Ray Rodriguez, regional mortgage sales manager for TD Bank in Cherry Hill, N.J., said that his bank allows parents to co-sign because it makes the loan more secure.

Another option is to have parents give a gift to use for the down payment and lower the loan amount.

Image via Flickr/Dan Moyle

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