Under most "first time buyers" rules is it possible to help a first time buyer with down payment and also be on title?

If this is possible, it might help my child. Maybe it would be possible for me to come up with some cash and, if I can be on the title, I could help the credit score for a mortgage. Now, my kid and her non-working (by choice, I guess) husband both have terrible credit scores and no money for a house.

Daughter has a good job, but cannot support two on her salary and always in finance trouble. I help by my daughter. Amount this year is already $10K.

Since I help my daughter, anyway, is it better to help buy a house and then have her pay half the mortgage? As it is now, rent is same as most mortgages on the house that might be purchased. If the house is sold, I want my share of the equity only, if I am also able to live in the house during the winter.

My idea is to get a good house that has a separate apartment for me and room for them in main portion of house separate from apartment. Housing costs are low. Asked by GeorgeW6 28 months ago Similar questions: time buyers rules help buyer payment title Business > Financial Planning.

Similar questions: time buyers rules help buyer payment title.

New rules for first-time home buyers. First time home buyers: What simple rules to know when it comes to making the bidWith the interest rates at an all time low these past five years, many young adults have decided to take the next step to adulthood by purchasing a home, condo, or townhouse over renting an apartment. These young adults are in their mid-twenties, beginning the search for their future investment.

When you speak with these first time home buyers, the understanding they have about throwing their money into rent being a waste and not getting any tax write offs will surprise many parents and long term homeowners. The concept of understanding mortgages and what owning a home can do for them in the future will amaze many. With all the positive information they receive and learn about buying a home, it seems many first time home buyers are not informed about the bidding process and getting a prequalification for a mortgage.

The first step a first time home buyer needs is to obtain a prequalification letter for two reasons. One, by having this letter in hand, it shows the realtor or home seller you are serious about making a bid and second, it shows the amount of a mortgage you qualify for before beginning your search. For example, if the first time home buyer is searching properties priced between $400,000 and $500,000 without a prequalification letter and finds a property they want to make a bid on; then gets their prequal letter to find they are only approved for a $350,000 mortgage, it becomes a rude awakening for them.

Unless the first time home buyer has the difference of money saved, $50,000 - $150,000, and in the prequalification letter these terms are written in that the home buyer will be using their own money as a down payment, then the $350,000 mortgage would work toward making a bid since it would cover the difference. Sources: trulia.com/blog/stephen_mattison/2009/02... .

Why you should never co-sign a loan", at least read this first. You may think you're doing a good deed by adding your name to a loan. Don't do it.

You could be headed for big financial trouble. AdvertisementBy Mary RowlandWhat could be worse than being head over heels in debt with little hope of climbing out? Try this: Your child (parent, significant other) is head over heels in debt and your name is on the loan.It happens all the time.

I remember meeting a 41-year-old photographer who had recently divorced and inherited $21,000 of his ex-wife's debt. A friend who thought he was involved in a great relationship started picking up the tab for his soon-to-be ex-partner. A parent co-signed for a credit card for her college-age daughter and is now stuck with $30,000 in credit-card debt.

For those of you who are toying with helping out a partner, parent, sibling or child, don't do it by co-signing a note. Adding your name to someone else's debt is a very serious financial step. articles.moneycentral.msn.com/Banking/Yo..." rel="nofollow">articles.moneycentral.msn.com/Banking/Yo... Sources: articles.moneycentral.msn.com/Banking/Yo..." rel="nofollow">articles.moneycentral.msn.com/Banking/Yo... .

2 Playing DAD to the bitter end... YOU are the enabler that's holding a shaky marriage together for longer then it would, left to it's own devices... Stay out of it...It will fail quicker, THEN you can buy a house for daughter and grandchild.. OTHERWISE--that marriage will go on longer, your daughter will be stuck, and you'll be--DEAD... Anyway you look at it, you're not gonna live forever, and the end result is still gonna be the same.. Why provide the dirtbag with traveling money too..I've seen poor marriages with a non working husband go on for 22 years with parental life support---for the sake of the grandchildren... In the end, the bum takes off with another woman anyway, leaving an empty financial hole..Ask my sister-in-law.. Her names Suzie..She's 49, and absolutely NOTHING to show for 22 years of marraige...

Playing DAD to the bitter end... YOU are the enabler that's holding a shaky marriage together for longer then it would, left to it's own devices... Stay out of it...It will fail quicker, THEN you can buy a house for daughter and grandchild.. OTHERWISE--that marriage will go on longer, your daughter will be stuck, and you'll be--DEAD... Anyway you look at it, you're not gonna live forever, and the end result is still gonna be the same.. Why provide the dirtbag with traveling money too..I've seen poor marriages with a non working husband go on for 22 years with parental life support---for the sake of the grandchildren... In the end, the bum takes off with another woman anyway, leaving an empty financial hole..Ask my sister-in-law.. Her names Suzie..She's 49, and absolutely NOTHING to show for 22 years of marraige...

3 What you want to do is possible (whether it's a good idea is another matter). But the very first thing you need to do is to sit down with a real estate lawyer and get some serious legal advice. This is a disaster looking for a place to happen if you don't structure it properly.

What you want to do is possible (whether it's a good idea is another matter). But the very first thing you need to do is to sit down with a real estate lawyer and get some serious legal advice. This is a disaster looking for a place to happen if you don't structure it properly.

Kymlor replied to post #3: 4 One Kewpie doll for that one..

" "Looking for a book I read a long time ago part of a trilogy. Title had magic and numbers, content boy learns magic rules" "How much down payment should the home buyer place if he/she intends to have the private mortgage insurance (PMI) waived? " "First Time Home buyers get $8,000.00 from our Government......" "CO WANTS TO TRADE CAR IN WITH OUT BUYER SIGNING OFF ON TITLE CAN HE DO THAT" "How do I get my car back from a buyer if he didn't pay for it but has the unsigned title?

" "any web site for first time foreclouse buyer" "Is there any form of payment besides Paypal that can be used on Ebay that buyers would use? I won't use Paypal. " "does anyone remember me?

It's been a long time, formerly First_time_home_buyer" "please help me find a book I read a long time ago, but can't remember the title or author.

Looking for a book I read a long time ago part of a trilogy. Title had magic and numbers, content boy learns magic rules.

First Time Home buyers get $8,000.00 from our Government......

Co wants to trade car in with out buyer signing off on title can he do that.

Any web site for first time foreclouse buyer.

It's been a long time, formerly First_time_home_buyer.

Please help me find a book I read a long time ago, but can't remember the title or author.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.