Four Ways Parents Can Help Kids Be First-Time Home Buyers

High real estate prices and interest rates are making buying a first home more challenging than ever, but parents can make loans, give gifts and be co-signers.

A mother and daughter smile at each other while holding moving boxes.
(Image credit: Getty Images)

Editor’s note: This is part one of a three-part series about helping the younger generation with financial planning and wealth building. Part two is Three Ways Parents Can Transfer Wealth to Help Their Kids. Part three will cover teaching the younger generation about how to manage wealth and philanthropy.

Having just passed the college graduation season, I am reminded that the Millennial generation has come of age and Generation Z is right behind them. Many Millennials have started families and are on their way to building and accumulating their wealth, and the first wave of Gen Z is out of college and building careers.

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Alvina Lo
Chief Wealth Strategist, Wilmington Trust

Alvina Lo is responsible for family office and strategic wealth planning at Wilmington Trust, part of M&T Bank. Alvina was previously with Citi Private Bank, Credit Suisse Private Wealth and a practicing attorney at Milbank, Tweed, Hadley & McCloy, LLC. She holds a B.S. in civil engineering from the University of Virginia and a JD from the University of Pennsylvania.  She is a published author, frequent lecturer and has been quoted in major outlets such as "The New York Times."