02/12/2026
Parents of young adults:
The first step to buying a home is paying all debt obligations on time, every time.
Let's say a 23-year-old has had a car payment + one credit card since they were 18.
If they go 120/120 (60 months x 2 payments) on paying to $0 each month, they have a roughly 100% chance of having a credit score in the mid-700s.
Maybe they don't make enough money to buy a home today. They can continue to improve their employment opportunities over time.
Maybe they want to save more money before buying. They can find different ways to do that, perhaps seek out down payment assistance programs.
But they can never go back and repeat those first 120 payments.
