Younger Age, Washington discussed on RP Funding
Be responsible within. Have a few credit cards have a car loan secured furniture alone whatever it is but to have some some trade lines on your. Credit bureau makes a big difference and, that's really the, thing you've got to have credit? For, about a year and good credit before you can qualify for the house gotta have some down payments saved up. But you, know it's amazing how many younger people Are getting into the housing market you know we're seeing that trend where where the younger generation, is saying hey I'm gonna go buy a house you know I'm not. Gonna rant I'm going to get out. There and they've done their research on the internet I think they, feel very empowered by. Knowledge they're listening to. Shows like this they're, researching on the internet they're, not afraid, of the process at a younger age which is exciting which is what we need a home ownership really instills a different set. Of values I think you know. Once you take that leap and you own a home just it's, a little different you know you're not gonna have to let. Your roommates trash your house if it's. Your house you know you're not gonna you're not gonna. Throw the Santa party there's there's kind of an ingrained sensibility sensibility and responsibility I think comes with with owning. That house knowing cheers all the tax, burdens coming out, of Washington it seemed like every day a new taxes introduced and you know unless. You own a home you are really gonna hard time making it through the tax jungle I think some people who are right now. Filing for the first few years or, seeing that that, you've got the start with that Big item and that is the mortgage interest and that's. The single, largest thing that breaks most people out from taking the standard, deduction, to the itemized deduction is mortgage. Interest you, know it's it's a. Big enough item without having to have anything you know a lot of what. Causes those deductions maybe a big medical emergency. Or schooling and things where where. The mortgage is the steady. It's there every year and it gets you into that, bracket where you, can suddenly right off those emergencies as they happen and and get the tax benefits. And for people who, are entrepreneurs there's nothing better than to write off part, of that houses an office. In one, of your computers and some of your transportation, but you gotta. Make that leap I, have that, house to start. Off that road in the most part. But we are you know we're we're seeing a big. Pickup we've got a lot of interest from home buyers we're getting a lot more traction with their. Home contracts getting accepted for those of you kind, of are maybe, haven't been to the home, buying process now you get out there and you you get a. Pre approval and you start the home hunting process and so you know one of the key metrics we track how many those preapproved Are, we issuing how many homebuyers. Are coming into the market and saying hey I. Wanna get pre-approved I'm going to start the house hunting process then the more important metric is how many of those people actually find a house and. Getting accepted contract you know because we, have we have hundreds and hundreds think we have like eight hundred. People.