The Bank Of Mom & Dad: Smart Ways To Help Your Kids Buy A Home

<p>I've got a question today for every parent listening who has adult children.</p><p>Your son or daughter calls you tonight.</p><p>They've found the house.</p><p>They love it.</p><p>They've got good jobs.</p><p>They can handle the monthly payment.</p><p>There's just one problem.</p><p><b>They don't have enough money to get into it.</b></p><p>And then come the six words every parent loves to hear:</p><p><b>‘Mom...Dad...can you help us?’</b></p><p>Welcome to the <b>Bank of Mom and Dad.</b></p><p>And apparently, business is booming.</p><p>Nearly one-quarter of first-time homebuyers used either a gift or loan from family toward their down payment in 2025.</p><p>So this isn't some obscure financial-planning question anymore.</p><p>Families all over America are facing it.</p><p>And I think the first instinct for most parents is pretty simple:</p><p><b>Of course I want to help my kid.</b></p><p>But that's not really the question.</p><p>The question is:</p><p><b>What's the smartest way to help them?</b></p><p>Give them the down payment?</p><p>Loan them the money?</p><p>Buy the house?</p><p>Buy it together?</p><p>Help with the monthly payment?</p><p>Or tell Junior:</p><p><b>‘I love you very much. Keep saving.’</b></p><p>Because helping your child buy a house can be an incredible gift.</p><p>But if it's done incorrectly, you can create tax issues, financing problems, family problems—and potentially damage your own retirement.</p><p>So Cory, Dwight and I are opening the Bank of Mom and Dad today.</p><p>And before we close at four o'clock...</p>