Millennial Renters Vs. Buyers
How much does your credit score affect a mortgage offer? In some cases, a credit score could make the difference between purchasing a home or being forced to rent instead.
That's especially true for millennials. Many entered the housing market at the worst possible time – amid the Great Recession. They dealt with a crumbling housing market, limited job options, and crushing student loan burdens. Do credit scores make a difference for millennial homeowners, and how do their borrowing habits compare with their renting counterparts?
LendingTree reviewed the credit records of over one million millennial users of their platform and verified that millennial homeowners do have higher credit scores compared to renters. Median credit scores were 671 for millennial homeowners and 582 for non-homeowners.
How much difference can a credit ...
from MoneyTips http://bit.ly/2PKWJE6
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