What Is Multigenerational Housing? [INFOGRAPHIC]

Written by St. George Island Mortgage Mortgage Syndicated User on April 16, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Mortgage St. George Island, Move-Up Buyers, Senior Market, St. George Island Mortgage.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

The Next Generation of Homebuyers Is Here

Written by St. George Island Mortgage Mortgage Syndicated User on January 26, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Mortgage St. George Island, St. George Island Mortgage.

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The...

Advice for First-Generation Homebuyers

Written by St. George Island Mortgage Mortgage Syndicated User on December 15, 2021. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Mortgage St. George Island, St. George Island Mortgage.

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.” In other words, your dream of homeownership has far-reaching impacts. If...

Is a 20% Down Payment Really Necessary To Purchase a Home?

Written by St. George Island Mortgage Mortgage Syndicated User on September 28, 2021. Posted in Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Mortgage St. George Island, St. George Island Mortgage.

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it: “The most damaging down payment myth—since it stops the homebuying process...

Category: Gen Z

What Is Multigenerational Housing? [INFOGRAPHIC]

The Next Generation of Homebuyers Is Here

Advice for First-Generation Homebuyers

Is a 20% Down Payment Really Necessary To Purchase a Home?