Some very interesting reader comments appeared on my April 6 post, especially as regards grown sons and daughters who expect help with down payments and furnishings.
“Just got an email from my stepson who wants us to co-sign on an FHA home loan because they don’t have enough income to qualify for the loan,” wrote Kandace.
She hasn’t said “no” yet, but she will. But she knows that won’t be the end of it.
“Then they will likely want us to co-sign on an apartment, but I’m not comfortable with that either. I’m thinking about what I would be willing to give – or lose – financially. It will probably be an amount that helps get them (he, his wife and their two kids), into an apartment. But no co-signing for me.”
Not everyone was able to make that kind of call – at least initially.