What can be a better Christmas gift than your child paying off your debts. This is exactly what happened when iOS app Videoshop developer, Joe Riquelme paid off his parents’ mortgage this Christmas.

Videoshop is a video editor for iOS that allows to add music to a video, add sound effects, edit parts of the video to run in slow or fast motion, add subtitles, transitions, photos,  filters and share these videos on Vine, Snapchat, Instagram, Facebook, YouTube, Vimeo, or by E-mail. 

The app costs $2 on the App Store and fortunately, doesn’t come with anymore in-app purchases.To celebrate the festive season, the app is currently discounted 50%. Watch the heart touching moment below when Joe’s parents received a letter from The Bank of America, informing them that they have no more business with it.

Videoshop – iOS