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Reply to "If your parents gave you a money to buy your first home"
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[quote=Anonymous]No, I didn't know in advance. I had the idea that if we needed assistance, they had the funds probably to help us, but no long-standing promise that they would. When we got started buying our first home, we worked out our mortgage budget and came to the conclusion that we needed to save an additional $20,000 to make a purchase. We asked my parents if they would be willing to help us in any way, and they gave us the full $20k. I knew they were financially able, it was more of a question of whether or not they were willing to do it. I would have understood if they had said no or only gave part--they'd always taught us to work for what we want. Additionally, my dad (no longer married to my mom) has accounts set up for each of my kids, but I have no idea how much is in them, what they will be used for, or when he plans to make that information known. It could be hundreds of thousands for college, or enough money for a down payment on a car. I guess we'll all find out eventually. [/quote]
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