The Real Deal New York

Families offer a helping hand on mortgages

Relatives step in to help young people buy homes despite heavy student debt
By Kenneth R. Harney | March 21, 2014 04:30PM

From the March issue: Parents, grandparents and young adults know the problem only too well: Heavy student-debt loads, persistent employment troubles stemming from the recession, plus newly toughened mortgage-underwriting standards, are all standing in the way of vast numbers of potential first-time homebuyers in their 20s and 30s. [more]