Between an unstable job market and high student debt, it’s no wonder millennials are apprehensive about the prospect of buying a home. On the flip side, there are several benefits to becoming a millennial home owner. Nonetheless, you should always proceed with caution when considering home ownership. Ask yourself the following questions: • Can you afford it? Talk to lenders, research the Continue Reading
First Comes Love, Then Comes Mortgage for Millennials
With rental costs soaring to new heights, low mortgage rates and the ability to deduct mortgage interest from income taxes makes becoming a millennial home buyer more attractive than ever. In this environment, the next big step for many unmarried couples isn’t buying a shiny engagement ring, but rather, a home. Nonetheless, it’s one of the most complicated financial decisions a millennial Continue Reading
Millennial Homeowners & Student Loans
It's no secret that student loans can make buying a home a challenge for millennials. With debt repayment plans extending as far out as 10-30 years, it’s an obligation that can follow you around for a long time and discourage you from thinking home ownership is possible. According to the non-profit organization, American Student Assistance, their 2015 survey revealed that more than half of student Continue Reading
