I see a lot of clients who are unable to get financing on their own, and so one or both of their parents will co-sign the loan. Before you decide to go ahead and do this for your child, however, be sure that you are fully prepared for the possible consequences.

Even if you are only going on title to 1% of the property, if you are on the mortgage, you are responsible for 100% of the payments if your child stops making them. This has the potential to cause friction in the relationship. Before signing on the dotted line, be absolutely certain you are prepared to go down that road if necessary – or ask your child to wait to qualify on his or her own.