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I like to help my daughter and her husband buy a home and make a large down payment so the monthly payment can be affordable for them until both are employed. They are responsible, college grads. He finishes his master's within a year. For now she brings in enough to afford the payment. In a couple of years I plan to remove my name from the loan/title. Is there any tax implications if I put $50k down? Will there be a problem with my own homestead tax credit? Anything else I should be looking out for? Thanks.
Should I cosign for my daughter's first home?
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