Are you interested in buying a house but worried you might be too young? You’re never too young to make a good investment in your future! And you’re never too old to invest in a home, either. Here at vLoan, our team does not discriminate. We welcome people of all ages to apply for a mortgage loan. If you think you are ready to start the digital mortgage process, start by getting a free rate quote!
When you turn 18, you are legally old enough to sign a contract. That means you can get a mortgage. But being young may also mean your credit has yet to be established. Your credit score is a very important factor when applying for a mortgage. It can be difficult to establish good credit at such a young age and in a short period of time, but it is not impossible. Does student loan debt linger over your head, as well? This can add extra barriers to entry into the home market because of high debt-to-income ratio. But with a little elbow grease and a solid plan, you can start solving these problems fast if you’re determined. Buying a home is a really great way to invest because you can build equity over a longer time period, putting you in a great financial position as you get older.
As mentioned earlier, you are also never too old to buy your first home. We treat every individual the same, no matter your age. It is never too late to invest in a property and purchase the home of your dreams!
Do you think you are ready to take the first steps down the path to homeownership? You can begin with getting your free rate quote and talking to one of our experienced mortgage advisors.
Follow us on Facebook or Twitter to keep up to date with our monthly campaign #HappilyEverHomes. We will be sharing more mortgage advice and news to help educate you about the home buying and refinance process. Don’t do mortgages like your parents did. Do it digitally, with vLoan.