{"id":273,"date":"2019-11-07T01:11:56","date_gmt":"2019-11-07T01:11:56","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=273"},"modified":"2019-11-07T01:11:58","modified_gmt":"2019-11-07T01:11:58","slug":"millennials-heres-why-the-process-is-well-worth-it","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/millennials-heres-why-the-process-is-well-worth-it\/","title":{"rendered":"Millennials: Here\u2019s Why the Process is Well Worth It."},"content":{"rendered":"\n
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A Millennial Japanese Woman Depositing Checks with Mobile<\/figcaption><\/figure>\n\n\n\n

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over.<\/p>\n\n\n\n

According to National Mortgage News<\/em><\/a>,<\/p>\n\n\n\n

\u201cMillennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.<\/em>\u201d<\/p><\/blockquote>\n\n\n\n

If you\u2019re a Millennial, you\u2019re already well aware that you\u2019re among a generation of those who favor fast-paced, real-time answers \u2013 and results<\/em>. When you\u2019re ready to make a decision, it\u2019s go-time, and you probably want the latest technology at your fingertips to make it happen.<\/p>\n\n\n\n

National Mortgage News<\/em> agrees, stating,<\/p>\n\n\n\n

\u201cMillennials are different than previous generations\u2014not only in their delayed homebuying but also in how they approach interactions with financial institutions, including mortgage lenders. Taking a picture of a check on their phone and depositing it without visiting a branch is not novel, it\u2019s the way Millennials learned to do banking. They expect real-time access to account and transaction data and are frustrated when it\u2019s not available.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

Here\u2019s the catch \u2013 the overall speed of the homebuying process can take some time, and it might feel like it is slowing you down. When you\u2019re ready to buy, you can make an offer and go under contract quickly, but the rest of the process might take a little longer. The same article explains why:<\/p>\n\n\n\n

\u201cWhen Millennials apply for a loan, the mortgage lender must qualify the borrower and determine who owns the property, how much the property is worth, and the property\u2019s risk profile. Traditionally, this has been one of the most time-consuming and fragmented parts of the mortgage process\u2026There are many moving pieces, each data point being sourced from a different provider, which can ultimately lead to a lengthy or delayed process.<\/em><\/p>

What has historically been accepted as the process norm does not align with the expectations of the most prominent generation in the home buying market today. Millennials have come to expect rapid, digital workflows in their daily purchase decisions, and in their mind, the home buying process shouldn\u2019t be any different.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

So, where do you go from here?<\/strong><\/h4>\n\n\n\n

If you\u2019re pre-approved<\/a> for a mortgage, that will help speed things up. But the steps it takes and the time to finalize a loan with most traditional lenders may feel like an eternity to you and your generational peers. Don\u2019t worry, though \u2013 it\u2019s well worth the wait when you finally get the keys to your new castle!<\/p>\n\n\n\n

The financial<\/a> benefits of homeownership, like increasing your net worth by building equity, and the non-financial<\/a> benefits, like being able to customize and improve your space, will ultimately set you on the course to happiness, success, overall satisfaction, and much, much more.<\/p>\n\n\n\n

Bottom Line<\/strong><\/h3>\n\n\n\n

If you\u2019re feeling like it\u2019s go-time, let\u2019s get together and get the process moving to determine if homeownership is your next best step.<\/p>\n\n\n\n

Contact us:
PHP Houses<\/a>
142 W Lakeview Ave
Unit 1030
Lake Mary, FL 32746
Ph: (407) 519-0719
Fax: (407) 205-1951
email: info@phphouses.com<\/a><\/p>\n\n\n\n

Let’s Connect:
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<\/p>\n","protected":false},"excerpt":{"rendered":"

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, \u201cMillennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.\u201d If you\u2019re a Millennial, you\u2019re already well aware that you\u2019re among… Finish Reading Millennials: Here\u2019s Why the Process is Well Worth It.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[15,18,27,51,57,52,9,49,23,40,20,24,48,13,28,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/273"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=273"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/273\/revisions"}],"predecessor-version":[{"id":275,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/273\/revisions\/275"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}