What to know before borrowing from the bank of mom and dad

With more young homebuyers turning to their parents for financial help, both kids and parents need to have a plan and set boundaries before the money is loaned. Before opening up the bank of mom and dad, personal financial expert Kelley Keehn shared her tips on the risks, making and committing to terms and how to be realistic. Watch the video clip above to learn the questions you need to ask yourself as a parent before you lend money to your children, your family or friends.