Alternatives to 20 percent down millennials can take advantage of

Photo by Nathan Dumlao on Unsplash

Millennials today can face an uphill battle if looking to put down 20 percent on a home. According to a recent study, saving 20 percent can take 20 years for first-time home buyers. However, there are other options that millennials (and others) can take advantage of – all laid out in this article. 

Peter Warden | The Mortgage Reports

Millennial first-time homebuyers face a long slog if they try to come up with the “standard” 20 percent down payment for a home. A December 2018 study from Apartment List reckons that it would take two decades for the average renter to save that much.

But luckily, they don’t need 20 percent. Or even 5 percent.

To read the full post, click here: Millennial first-time homebuyers would need 20 years to save 20 percent down