gen z homeownershipLeonardo Patrizi/E+/Getty

 

Gen Zers have homeownership on the mind, but their financial confidence may be waning. 
The coronavirus pandemic has left one in four Gen Z workers jobless, which could throw a wrench in their future plans. 
But there may be a silver lining: Home prices are expected to decline and mortgage rates are at record lows.
Policygenius can help you compare homeowner’s insurance policies to find the right coverage for you, at the right price »

Like each generation before them, American Gen Zers long to become homeowners.

A recent survey of 18 to 25-year-olds by Morningstar revealed that 83% want to purchase a house within the next 10 years — but less than half (39%) feel optimistic about achieving that milestone. The median age of survey respondents was 21. See the rest of the story at Business Insider

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too low mortgage ratesMorsa Images/Getty Images

 

Mortgage rates are at historic lows, and while there are no hidden fees that accompany a low APR, there are a couple trade-offs to keep in mind.
You may find a lower rate with an adjustable-rate mortgage (ARM) than with a fixed-rate mortgage, but the ARM rate could increase when the introductory rate period ends.
If your down payment is under 20% of the home value, you’ll have to pay private mortgage insurance (PMI), which could add hundreds or thousands of dollars to your annual payments.
You probably don’t need to rush to buy a home with a low rate, because mortgage APRs will likely stay low in 2021.
Policygenius can help you compare homeowner’s insurance policies to find the right coverage for you, at the right price »

Mortgage rates are at historic lows, so it could be a good time to buy a home. But you may be wondering whether there is a downside to low rates.

In short — nope, there’s no catch. A low APR can save you thousands over the life of your loan.See the rest of the story at Business Insider

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eric rosenbergCourtesy Eric Rosenberg

 

When the Federal Reserve lowered interest rates in response to the COVID-19 pandemic, I jumped at the opportunity to save money by refinancing my mortgage.
While I was already focused on my mortgage and home costs, I decided the time was right to shop around for homeowners insurance to see if I could save money.
I found new homeowners insurance and earthquake insurance through Policygenius that offers comparable coverage at a lower cost.
Policygenius can help you compare homeowner’s insurance policies to find the right coverage for you, at the right price »

Earlier this year, the Federal Reserve lowered interest rates in response to the COVID-19 crisis, and mortgage rates quickly followed suit. My wife and I decided the time was right to join a large number of homeowners in locking in historically low interest rates. Then, we turned our attention to our homeowners insurance.

My original mortgage and homeowners insurance

When my wife and I bought our home in 2017, we signed up for a 30-year mortgage with a fixed 4.25% interest rate. That rate was very competitive at the time and we were happy with how the loan came together.See the rest of the story at Business Insider

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Protecting patients’ eyes from harm is a doctor’s No. 1 priority. But have you taken steps to protect your career as well? Whether you are a seasoned doctor of optometry or just beginning your professional career, having the right professional liability insurance is essential.

Original Source: aoa.org

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