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How To Help Your Adult Children Buy Their First Home

Author: 
Toronto Realty Boutique
Publication date:
December 1, 2022
Article Summary: 

The blog discusses various ways in which parents can help their adult children buy their first home. It highlights the importance of parents ensuring that they can afford to help before making any commitments. The options include covering the down payment, helping children save by covering expenses, buying a house for the child to rent, and cosigning a mortgage. The blog emphasizes the need for honest conversations and careful consideration of the potential benefits and risks for all parties involved.



Keywords: 

buying a home, adult children, parents, down payment, expenses, renting, co-signing, mortgage, investment portfolio, tax implications.



Source Citation: 
Toronto Realty Boutique
How To Help Your Adult Children Buy Their First Home
December 1, 2022
https://torontorealtyboutique.com/helping-child-buy-first-home/
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