When Millennials come home for the holidays this year, they’ll have lots of news to share with their families – news about those great jobs they landed out of college, the friends they’ve made and new relationships. They may also have new ideas about the future, and often will seek advice from their family members about managing finances.

This often is the time when they see the value in the tax deduction for mortgagors and wonder if it’s time to purchase their first homes. What do they need to know?