Should You Help Your Kids Buy Their First Home?

TWL_2015_jan_blog1With college graduates leaving school carrying record high student loan debt, it comes as no surprise that it is taking millennials a lot longer than their parents to purchase their first home. But as the parent of a renting millennial, is it a smart financial move to help your child get into a home more quickly?

According to Investor’s Business Daily, smart parents should take a number of factors into consideration before blindly writing a check to help make their child’s dream of home ownership come true.  The most important factor to take into account is whether your child is financially ready for home ownership. This typically involves having a serious conversation about three key factors: job security, current salary, and emergency savings.

Read the entire article to learn more.

Image Source: Guy Kilroy