Saturday, May 21, 2016

How your parents affect your chances of buying a a home

For many would-be home buyers, the biggest obstacle isn't the income to cover the mortgage or the credit score to qualify for one. It's the huge pile of cash you have to hand over on closing day. A first home — especially in a high-cost city — demands not just that you make enough to cover the payments, but also that you have a lot to start with.

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Reuters: Financial Services and Real Estate

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