The parent pays part or whole of the down-payment and other closing costs while the child pays the EMI on a best-efforts basis. Any EMI amount the child cannot pay needs to be paid by the parent. As long as the loan is active, the parent should maintain partial ownership, up to and not beyond 50% of the asset. Once the loan is paid off, the parent may choose to withdraw their ownership claim on the asset, replacing their ownership with that of the child’s spouse, if any.