They Don’t Spend Like They Used to

Posted by Florida Realty Marketplace on July 3rd, 2017

A recent report published by Bankrate suggests that younger millennials aged 18 to 26 spend more on daily, habitual expenses, such as eating out, coffee, and alcohol, than any other generation, which can limit their long-term ability to save for a downpayment on their mortgage.

According to the data, 54 percent of the people in their age group say they have a meal away from home at least three times per week, compared to the 33 percent of Gen-Xers. Thirty percent say they buy coffee at least three times a week. Fifty-one percent of younger millennials aged 21 to 26 (for legal reasons) said they go a bar at least once a week.

Millennials also have another problem that previous generations didn’t face: soaring student debt. Cumulative student loan…

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The Lowdown On Downpayment Grants

Posted by Florida Realty Marketplace on May 8th, 2017

Downpayment Biggest Obstacle For First Time Buyers

A recent survey by Trulia concluded that the top challenge for would-be homebuyers is the downpayment requirement.

Over half of potential buyers claimed saving a downpayment was a bigger issue than credit scores, income needed or housing prices.

Downpayment grants can help you meet this challenge.

Click to see your low-downpayment loan eligibility (May 5th, 2017)

Downpayment Assistance (DPA) Helps First Time Buyers

Downpayment grants are designed to help eligible buyers bridge the gap between their savings and the required downpayment for a mortgage.

This money doesn’t usually have to be repaid.

If you're in the market for a home and struggling, here's what you need to know…

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