I had a few questions about the “Provide the following information about the student’s parents’ home”:
First, my dad owes my aunt money for our home. She lent us money so we could pay off our home in order to avoid having to pay interest on a mortgage. Under “Amount owed on home,” should I write that we owe $0 (since we don’t owe money to a bank/mortgage), or should I write how much my father owes my aunt?
Second, does “monthly housing payment” include payments for home insurance, or is that only payments on a mortgage? Similarly to the first question, would I fill in $0 for this or fill in how much my dad pays to my Aunt?
Finally, for amount owed on primary mortgage of home, would we put $0 or the money my dad owes my Aunt?
Thanks in advance for all of the help!