Millennials and homes

Millennials: Why They’re Buying Homes And Why They’re Not

Millennials — Why They’re Buying Homes And Why They’re Not
Huffington Post
September 2, 2015
Jeff Taylor Was quoted in the Huffington Post in regards to Digital Risk’s Millennial Survey, in which 1,344 Millennials were surveyed about home buying and financing. Huffington Post covers the survey’s results and draws its own interesting conclusions.

There could be some interesting conclusions drawn from this survey. You can’t do anything about job prospects or their concerns and financial stability. However, if you want to sell a home to a Millennial, there are some things that look like they would grease the wheels.

Click below to read the full article on Huffington Post.

Millennials and homes

Millennials: Why They're Buying Homes And Why They're Not

Millennials — Why They’re Buying Homes And Why They’re Not
Huffington Post
September 2, 2015
Jeff Taylor Was quoted in the Huffington Post in regards to Digital Risk’s Millennial Survey, in which 1,344 Millennials were surveyed about home buying and financing. Huffington Post covers the survey’s results and draws its own interesting conclusions.

There could be some interesting conclusions drawn from this survey. You can’t do anything about job prospects or their concerns and financial stability. However, if you want to sell a home to a Millennial, there are some things that look like they would grease the wheels.

Click below to read the full article on Huffington Post.

Can You Get a Home Loan

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance

Can You Get a Home Loan from Your Parents? Rules on Financial Assistance
MortgageLoan.com
July 27, 2015
Conventional loans have restrictions on financial gifts that vary on the borrower’s down payment percentage, says Jeff Taylor, a managing partner at Digital Risk. If a down payment is less than 20 percent, Freddie Mac requires at least 5 percent to be the borrower’s own money. Fannie Mae eased its rules last year and under some circumstances eligible borrower can have their entire down payment come from gifts, Taylor says.

Lenders require extensive paperwork in order to track the origin of all money used toward a home purchase, and gifts are no exception, Taylor says. All gift funds require a gift letter documenting the amount of the gift and stating that the money doesn’t have to be repaid, Taylor says, along with proof of when the funds were transferred. Jeff goes on to give more great advice to potential borrowers.