It’s Finally Getting Easier to Get The Best Kind of Mortgage

It’s Finally Getting Easier to Get The Best Kind of Mortgage

That means cheaper rates

It’s no secret millions of millennials and Gen Xers are having trouble buying homes. But here’s some good news on that front: It just a got a little easier for these and other buyers to qualify for so-called prime mortgages, loans that go to the highest quality borrowers.

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Six important things to know about the 2016 housing market

Six important things to know about the 2016 housing market


Buying a home is still part of the American dream.
According to a survey from Trulia, 75% of Americans dream of owning a home, up 1% from 2015. This dream is even more pressing among Millennials because 80% of those surveyed would like to buy a home — and 31% would like to do so by 2018.
Whether you're looking to buy a home this year or already own one, there are important factors that will affect your investment. Here are the six important things you need to know about the housing market in 2016.


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Millennials, Allow Us to Present Your Dream House

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Is This The House That Will Turn Millennials Into Homeowners?

If you were born after 1980, there's a pretty good chance you don't own a house. Thanks in part to massive student loans and difficulty finding jobs after graduation, almost half of men ages 18 to 34 (and over a third of women, a record number) still live with their parents.


Others rent. And while it's true that some millennials would rather live in the city than the burbs, some do want to houses. So one Las Vegas builder is trying to figure out how to design a house they'll actually be interested in buying—and actually be able to pay for.


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The Only Way Millennials Can Afford To Live In Big Cities

In over half of the biggest U.S. cities, the typical millennial can't afford a 1,000 square-foot home, according to a recent report. SmartAsset, a tech company that offers tools to make financial decisions, used their home affordability calculator to analyze median income and net worth of people under age 35. It then compared the results to interest rates and the down payment needed to buy a home in the largest 23 cities.


The calculator, which is supposed to help a potential homebuyer determine what size and cost they can afford, might be useful for, say, a middle-class family trying to decide if they have the resources to buy a house with a spare bedroom. But the results can get absurd in many of the largest cities.


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Why Millennials Could jump into Home Ownership

Why Millennials Could Jump Into Home Ownership






When it comes to homeownership, roommates Gina Beach, 28, and Bill Galatzer, 31, are polar opposites. The two friends currently rent a two-bedroom, two-bath duplex in Chicago’s up-and-coming West Town neighborhood. Galatzer is actively looking to buy his own condo in the area, but Beach says she never plans to become a homeowner.




“Let's say I move into a place tomorrow and get a roommate the same day. I pay $300 less per month and the money I pay goes to equity,” Galatzer said.  http://flip.it/AvDR4