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what is the best way to buy your kid a home, and limit your tax liabilities?

i own my home, i want to buy a house for my kid. before, I have pulled out an equity loan at 6.% and purchased a house for my kid. i registered it and have them paying me a 8.5% …
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What are the different types of mortgages available?

What are the different types of mortgages available? And what are differences between them?