At a certain age, you have to realize which knowledge/ information you’ve gained from the older generation is outdated in todays society.
As a mother, I may stretch the truth in order to protect my children. This is a natural behavior. It only makes me acknowledge that its time to realize if caffeine will still stunt my growth, and if i really need 20% to put down on a house.
Today, I want to press a couple myths that hold many of us millennials back from living our best lives. Myths that came from some of the older generation, who many of us still trust the most!
Whether this information you have heard WAS the truth at the time, or just a little white lie, realize NOW if they still pertain to the present moment.
-These are real facts, today.
Before becomeing a Realtor Associate, I was impressed by how easy it was to become a homeowner! The 1st house, my score was slightly above average at a 620, I was 21. It was the the perfect situation for a USDA loan, where $0 is required down. We moved in, lived there for 5 years, did about $5k of work on it. When it was time to move, at settlement, we got a $40k check in our hands. At that moment, we realized that purchasing a house really does pay you to live there.
When we bought our second house, our score was a 580, stuff happens, we were approved for a FHA loan, where only 3.5% was required down. That was our whole tax return, which otherwise would have been used on nothing but material things that wouldn’t benefit us. Here, now, we are sure that if we stay ahead on our mortgage payments, we will be paid to live here.
Dear Fellow Millennials,
INVEST in your future through REAL ESTATE!