10 Tips for Helping Your Child Buy a First Home


Your child may have certain wants and needs when buying a house, but what really matters most is that the monthly note is affordable. First-time home buyers may not consider all of the extras that go into home ownership like closing costs, insurance, property taxes and financing fees. Make sure your child has a good handle on exactly how much they can afford to plunk down each month in order to own that renovation special in the up-and-coming neighborhood. And don't forget to budget the pesky additional expenses like utilities and upkeep.