George Kamel

Are you do you guys have any debt currently?

No, no doubt.

Do you have savings in the bank?

Uh, yeah, about 10 grand.

Awesome.

Well, I definitely would not go out and buy a house right now.

It's not going to give you the stability you think because that payment's going to stay that payment.

And if something were to happen to you, well, now she's on the hook for that payment.

Otherwise she needs to sell this house.

And so I would wait until you guys are financially ready to buy this house as if you didn't have this diagnosis and just save up a strong down payment.

I mean, I'm from the Boston area.

I don't think you can get a house at 20 within a 30 mile radius of the city.

What is the house going to cost?

Okay, so it's still, even making $100,000 with rates right now, you might still be looking at almost a six-figure down payment to do this the right way, where it's 25% of your monthly take-home pay, and then I would work to pay this thing off the next 10 to 15 years.

And so putting a huge down payment, buying a reasonable home, that's going to help you knock out the mortgage fast.

That's the best thing you can do for her is leave her with no mortgage payment, no debt, a bunch of money in the bank.

And in the meantime, invest for the future.

Invest for that child, for college and a 529 plan.

Invest in your own retirement that she will then inherit one day.

And so you leave her in the best position possible to where she's not scrambling.