Everyone seems to be a bubble caller these days since so many of us lived through the housing crash in 2008. I feel that Jared Dillian, Editor of The 10th Man:
There are great resources at HomeDiggidy.com for first-time homebuyers. It’s packed with tips and information including:
A new millennium, a new wave of home buyers is on the horizon. The average age of millennials, as of 2015, was about age 25. This means that at around age 25, for the most part, schooling should be out of the way, a foundation has been started, and the millennials are looking for somewhere to start their roots. Sunny Fort Lauderdale has much to offer to any first-time homebuyers looking to begin their lives somewhere.
KCMBlog.com nailed it by saying that when this much paperwork wasn’t involved rates were at 8.12%. It really is not that difficult getting a mortgage if you are willing to provide whatever is asked for. Banks do not want more than they need but due to what has happened in the past they have to protect themselves. If you were lending hundreds of thousands of dollars of your own money wouldn’t you want to make sure you got repaid?