Millennials, you’re buying your first homes! Congratulations: it’s exciting to see so many of you settling in. If you’re a millennial who is trying to decide when you’re ready to buy your first house, Parks has you covered with our First Home Purchaser’s Readiness Checklist.
Financial Readiness
Financial readiness is, without a doubt, the most important factor in successfully purchasing your first home without experiencing the pangs of buyer’s remorse that are felt by a reported 81% of millennial homeowners.
Take the following steps to prepare yourself financially for homeownership.
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Reduce or eliminate all other debt.
High-interest consumer debt, student loans, and sizable car payments will all affect your ability to
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