OCTOBER 30TH, 2018
More challenges for Millennial homeowners: a recent study from MagnifyMoney shows that Millennials with student loan debt are not only less likely to buy a home, but when they do, they face more challenges because of it. Millennial homeowners with student loan debt tend to have higher mortgage balance and less valuable properties (usually about 5% less than homeowners who don’t have student debt). 75% of Millennials with student debt also have lower net worths than those without.
What can you do to help your Millennial borrowers get into an affordable home and out from under the weight of debt? Budget analysis, debt consolidation, and conservative advice will help you win big among this generation.