What Stresses Out Young People the Most About Buying

Young adults may be eager to buy, but 75% of first-time home buyers say they’re overwhelmed about the purchase process, according to TD Bank’s First-Time Homebuyer Pulse of more than 850 millennial buyers between the ages of 23 to 38.

Many have not taken the first step to talk with a lender before they start actively looking. Only 30% of respondents say they have spoken to a mortgage lender before starting their house hunt. “To put the cart before the horse is to pursue a significant life decision with possibly incomplete or inaccurate information,” says Rick Bechtel, head of U.S. residential lending at TD Bank.

Read more HERE.

This entry was posted in For Buyers, For Homeowners, For Sellers. Bookmark the permalink.