Property Prime: How To Afford Your First Home

I remember when I bought my first home – a dream come true. With the changing state of the economy, the price of houses, and the reluctance of banks to give out loans, it can be a big challenge to reach this milestone in life. In fact, for a lot of people, this can feel like an unattainable goal.  For one thing, the homeownership rate among millennials has dropped in recent years, due in part to a limited inventory of starter homes, and also to student debt payments monopolizing so much of younger workers’ income.  My oldest nephew and his wife had a difficult time and had to work hard to finally get their home. They both are teachers with a master’s degree and large student loans.  Affording your first home doesn’t have to be out of reach, though, and there are a lot of tools out there that can help you to seal the deal on your first property. Let’s explore a few tips to help you to achieve this goal. Read More