Paying Back Your Parents
They bought you your first bike and taught you how to ride it. They paid for your University education and were there at your graduation. They co-signed your mortgage and saw the birth of your first child.
Now, your parents have come to you for help.
At 85 and 81, your Father and Mother have decided to move into a care facility. Your Father’s mind is ticking along fine, but sadly, your Mother is experiencing bouts of dementia and the stress is wearing on them both.
For months they have been researching facilities and they have finally decided on Chateau Renoir, in Southwest Calgary.
The facility provides three meals a day, housekeeping staff, transportation, full kitchenettes and a diverse schedule of programmed activities.
It looks amazing…for a retirement home.
But your Father has finally admitted that the family wealth is all but gone. After some poor investments, your parents are close to bankruptcy. They would like to live out there remaining years comfortably and to do this they came to you.
With little funds available at your reach, you talked to the banks about a loan. Unfortunately they turned down your request.
Then you approached Alpine Mortgage. The Alberta lending company specializes in home equity loans. They examined your mortgage details and concluded that you were entitled to a loan of more than $75,000.
That money along with your brothers, will take your parents through the first few years.
It’s the least you could do to pay back the two people that have helped you through almost every obstacle you ever faced.
“Thanks Mom and Dad.”


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