millennials & mortgages: best practices when purchasing a home

M I L L E N N I A L S & M O R T G A G E SB E S T P R A C T I C E S W H E N P U R C H A S I N G A H O M E

Kirsten Hamling

Terminology

Generation Y, generally

children of Baby Boomers

born sometime between

1980 and 2000.

Millennial Mortgage

A type of loan which helps

to give some financial

relief to those wishing to

purchase a home.

THEIMPOSSIBLE

DREAM

Many Milliennials want to purchasea home, but believe that it isimpossible to do so. What Millennials may not know justyet is that there are many ways toapproach affording the homeownerlifestyle, and mortgages are a greatoption.

SOLVINGTHE

PROBLEM

Preparing to purchase a home can be scary, but by using common sense and following some best practices laid out in this presentation, securing a home with a great mortgage rate can be quick and painless.

DO.... . .work on your credit score. The better your credit , the better rates you wi l l be e l ig ib le for when looking at down-

payment opt ions and mortgage opt ions.

DON'T.... . .be fooled. When looking

for your best opt ions, make sure you are

connected with your lender and that they have

your best interests in mind.

BEST PRACTICES

DO.... . .shop around. If your credit isn't great, i t 's

okay to wait a few years to bui ld i t back up.

Compare rates and take your t ime.

. . .shuff le your money around. Keeping your account transact ion

history easy to fo l low wi l l a lso help you to get the

best rate avai lable.

DON'T...

BEST PRACTICES

FOR MORE INFORMATION ON THE REAL ESTATE MARKET AND MORTGAGES. . .

Visit KirstenHamling.com.