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The Rueth Team - Denver's Top Mortgage Company

Considerations For Deciding On A Home To Buy Your Child For Building Wealth

August 29, 2018

In this video, we talk about being smart when choosing a home. Know the strengths and limitations of each product type (i.e. condo, town home, single family). Each product type of home has pros and con that will affect how a young adult might use the property. Just like you have special considerations for a home you would buy for yourself, you’ll want to think through requirements and ideal situations for a home to purchase for your child. Here’s why I chose a single family for my son:

What's the cost of buying a home (for my child)?

August 22, 2018

In our Back to School Series we are talking about how to help your kiddo buy their own home. In this video, we explored the closing costs associated with purchasing a home. These costs are the same as any traditional loan and we explain those in the video. However, we want to note that there are down payment assistance options as well as lender options to pay for some, or all, of these costs. Don't let this stop you from buying a home for your kids, but instead help you plan ahead for multi-generational wealth.

The Lessons Kids Learn In The Home Buying Process

August 15, 2018

There are so many great opportunities for teaching your children during the activity of buying a home for them. Buying a home together allows you to have a chance to walk along aside them in purchasing a home when they are still young enough to still listen to you. There are many lessons they can learn in the process of helping a kid own a home. What will they learn? They will learn negotiating, remodeling, bill paying, budgeting, finding roommates, creating leases, maintenance and more incredible skills! Not only that, but they will have a foundational understanding of the lending and mortgage process. All with you by their side!

How can I help my kid buy a home? (even before they graduate)

August 8, 2018

You don't have to wait until you have a job to purchase a home. Kids still in school? NOW is the time to start planning, establishing credit, and building wealth for them. I helped my 20 year old purchase his first home earlier this year, as a primary home with a low interest rate and low down payment. The best part is that all he needed was a credit score and a drivers license. Learn how we did this and how you could do this for your child too to help your child with homeownership and longterm financial success.

How Credit Can Help Your Teenager: Help Your Kids Build Credit Today!

August 1, 2018

It's Back to School Month at our office! This week we are covering how to prepare your kids to buy their first home, by simply helping them build their credit! Whether you are buying a home, or not, helping your child build credit is an extremely beneficial thing to do with your child. In the home-buying process, though, your child will need to have built up some credit and we talk about ways to start that process in this video.