By ERIN FLYNN JAY Age matters when it comes to making important financial decisions, but when is someone too old or young to obtain a mortgage? Millennials make up 38% of the home-buying market, but Baby Boomers make up 31%, and Generation Z is starting to show interest in homeownership at 3% of buyers, according…
By ERIN FLYNN JAY and KIMBERLEY HAAS A recent report from Redfin shows that Baby Boomers with empty nests own double the amount of large homes compared to Millennials with kids. So what if Grandma and Grandpa moved into an accessory dwelling unit and the three generations lived together so everyone could have some space?…
By ERIN FLYNN JAY Though it has existed since the early 1900s, the rent-to-own concept has gained popularity again and for people who want to buy a home but lack the funds, it can be an alternative route to homeownership despite the costs and risks. Ritika Asrani, founder and head broker at St Maarten Real…
By ERIN FLYNN JAY Buyers who are sensitive to high mortgage rates have developed an interest in assumable mortgages, betting they are the ticket to avoiding excessive costs, but are they worth the hype? An assumable mortgage lets a homebuyer take over the seller’s existing mortgage, including its terms and interest rate. It’s like adopting a…
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