Are you making this mistake? Parenting has no specific end date. Sure, technically, you're no longer legal responsibility to support your children after they turn 18, but in general, people don't cut their kids off financially when that birthday rolls around. So some parents help pay for college. Others let their kids live with them for … Continue reading Common blunder could delay half of US retirements
For millennials, this is the greatest hurdle to homeownership As far as Tatiana Skomski is concerned, the American dream is alive and well — although just beyond reach. Skomski, 24, lives with her boyfriend, K.J., and their dog, Lola, in Portland, Ore. They picture getting married, buying a house and starting a family. "It's a … Continue reading For millennials, this is the greatest hurdle to homeownership
~ not sure if you can do this? but if you are able to, I would give it a go ~ Millennials' New Weapon in Bidding Wars: A Parent's Home Equity Call it the mortgage merry-go-round: Parents refinance their home to fund the full cost of their son or daughter’s desired home. This allows the … Continue reading Millennials’ New Weapon in Bidding Wars: A Parent’s Home Equity
Where Should You Invest the Cash For Your Next Down Payment? by Scott Trench | BiggerPockets.com By Scott Trench updated September 10, 2017 Investor Financing & Creative REI It’s a common question from folks saving up to buy their first (or next) rental property, house-hack, or primary residence: Should I keep my money safe in … Continue reading Where Should You Invest the Cash For Your Next Down Payment?
Lower Down Payments Make Homeownership More Accessible Although DownPayment Resource is reporting in their Down Payment Report for June that homeownership is struggling—63.9 percent of the population and falling—newer “super low down” loans are starting to become more popular with millennials to get their foot in the home-ownership door. The standard 20 percent down payment … Continue reading Lower Down Payments Make Homeownership More Accessible
~ a little bit of a no-brainer. But saving and obtaining a down payment is not as big of a hurdle that many anticipate. There are lots of programs that can help ~ Saving for down payment biggest obstacle to homeownership Posted by Carrie B. Reyes | Jun 6, 2017 | Finance and Mortgages, Home … Continue reading Saving for down payment biggest obstacle to homeownership
Check out these articles ~ The Down Payment is the Big Thing Millennial Homebuyer Capacity is Shrinking Rising Mortgage Rates Leave First-Time Buyers Timid
Young adults need to save for at least 5 years to buy a home: study We know buying a home isn’t a realistic possibility for most Americans. Particularly among homebuyers 35 and younger, affordability is a central concern, with 32.5% citing it as their primary worry. Only 7% said they had no concerns about the … Continue reading Young adults need to save for at least 5 years to buy a home: study
From The MReport.com 2/9/16 Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles. Zillow's Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for … Continue reading Prospective Homeowners Held Back by Financial Situation
From Credit.com 5/20/15 Are you saving up to buy a home down the road? It makes sense from a personal financial planning perspective, but when it comes to whether it actually helps you get your foot in the door, you may want to reconsider.Why? In most cases, your ability to save is going to be … Continue reading Should You Save for a Down Payment Or Buy a Home Now?