Millennial and GenZ Challenges
A 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell reported two challenges that the young generation say they face today
1. The Mortgage Process Can Be Intimidating
2. It’s Hard To Know How Much You Need To Save
Mortgages can be intimidating. There's no one-size fits all mortgage. You can search Google all you want, but it may not give you all the information you need in order to understand the full picture.
You'll need to seek out a trusted Mortgage Advisor to give you advice specific to your situation.
In the same report, 45% believe they don’t have enough saved to cover the down payment or closing cost expenses.
The growing number of down payment assistance programs available nationwide continues to grow and will help relieve some of that pressure.
As the housing market cools, buyers are regaining some negotiation power.
Are you a Millennial or Gen Z'er, let me know a challenge that's keeping you from purchasing your first home?
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