10 Tips for Helping Your Child Buy a First Home

Borrower's Rights

Before your child starts home shopping, make sure he knows his rights as a borrower. Things like disclosure of how much money the lender stands to make, the reason your child's loan was not approved and which fees are refundable if the loan does not go through are all important to know. Spend some time with your kid in front of a computer -- the government's Housing and Urban Development (HUD) Web site can walk you through all of the rights that a first-time buyer should expect.

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