As most people are aware, first-time homebuyers make up an increasingly large segment of the home buying population as more millennials join the market. If you are a first-time millennial homebuyer, what do you need to know?
One of the things that you need to understand is that it is never too early to talk to a certified mortgage planning specialist about what your path to homeownership will look like.
Some situations are different than others and require more time to get your ducks in a row. But those conversations need to happen early and often so that you are in a strong financial footing when the time comes.
With first-time homebuyers in particular, there are some special programs out there to help with getting you into your new home. This includes down payment assistance. So, if you fear that you can’t afford a home for some reason, you may be incorrect. There are studies that have been done that say show that a good chunk of renters can afford right now but are unaware.
If you think that you think that you can’t afford to buy a home, I would love to have a chat with you. I can walk you through every step so that you have a good experience with no surprises. All you need to do is reach out and contact me. I look forward to speaking with you soon.