My sister is nine years younger than I am. I had always assumed that our parents treated both of us equally, financially and otherwise. My sister was recently looking to buy a home. She asked.
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Buying a house for someone else to live in.. Student accommodation. Many parents opt to buy an investment property for their student son or daughter to live in while at university. This can be an attractive proposition and a worthwhile investment.
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Monthly housing costs: ,000 (I live with my 11-year-old daughter in a rental in a luxury. $31K (I have no debt, paid off.
There are certain steps you should take so you can get a mortgage (if you need one) and to comply with tax laws. Buying a property for your child – getting a mortgage. If you’re buying the property for your son or daughter, especially if they’re a student, you may find it harder to get a mortgage than if you were buying your property to.
My fourth-grade daughter. and buy everything on your beginning-of-the-year shopping list. Those are the items your child needs, and they are items teachers have to supply if your child doesn’t have.
Why not BUY your child a student home of their own? IF YOU have just packed off your child to university freshers’ week you might be worrying about whether they are settling in, making friends.
Buying a house for someone else to live in.. Many parents opt to buy an investment property for their student son or daughter to live in while at university.. the parents could lend the child the money to buy the property. In this case, the student son or daughter would be the owner and provided that they lived in the property and it was.
Student loans and home equity do not mix. Let me repeat: using a home equity loan to pay off student debt is a terrible idea that could be detrimental to your finances and your family. As attractive as it seems on the surface, don’t put your financial security and your home on the line to pay off student loans. The financial risk isn’t.