Homeownership is the American Dream and Gen Zers plan on following that dream sooner rather than later. 52.7% of Gen Zers are viewing homeownership as more of an emotional investment as opposed to a financial asset. 27.2% of Gen Zers cite starting a family as one of their top reasons for seeking homeownership. A lot takes place in a home buying journey, which can make it overwhelming. When trying to figure out where to start, Gen Zers first need to know everything that goes into buying a home. Here are a few things to factor into that decision.
Buying A Home
EveryoneÂ has a defined budget he or she can allocate toward a remodeling or updating project. Even if funds were unlimited, it's still in a everyone's best interest to secure the best value for each dollar invested in a remodeling project, ultimately improving the beauty, comfort and,Â value of the home.
The DTI is the percentage of our income that goes toward paying our monthly debts. These ratios can often be overlooked as many people assume that a good credit score and income are the only two elements taken into consideration when seeking to purchase a home, car, or even to open a credit card. However, for many lenders, a good report and credit score are not enough to be considered a suitable candidate.
Buying your own home is a cornerstone of the American Dream and likely one of the biggest financial decisions youâ€™ll ever make. Without proper consideration and planning that dream can turn into a credit nightmare. Before you buy itâ€™s important to consider all the potential pros and cons, so you can make an educated purchase.
Maybe you have heard your parents or grandparents talk about a mortgage burning party and wondered how they ever finished paying off their home loan. While it may seem like a daunting task to reduce the amount of time and interest you pay on a mortgage, there are at least five things you can do to pay a mortgage off early.
Over the past ten years, we have learned that housing sales contribute enormously to our national economy, but how do those house sales impact our own pocket books and how do we know what we really can afford?
How much debt is too much debt when buying a home? Find out what your debt to income level is with some simple calculations.
Timelines for buying a house after filing bankruptcy or going through a foreclosure.