Wednesday, February 1, 2012

Become your kid's mortgage lender

By Janice Revell, contributor @FortuneMagazine February 1, 2012: 5:35 AM ET
Become your kid's mortgage lender
FORTUNE -- Between slumping prices and low mortgage rates, it's a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren't exactly in a position to take advantage of the opportunity. That's where their parents come in: One in three first-time buyers received either a gift or a loan from their families to help buy a home in 2011, according to the National Association of Realtors.

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