{"id":1442,"date":"2017-02-28T00:00:00","date_gmt":"2017-02-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/parents-may-need-a-new-mortgage-perspective\/"},"modified":"2017-02-28T00:00:00","modified_gmt":"2017-02-28T00:00:00","slug":"parents-may-need-a-new-mortgage-perspective","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/parents-may-need-a-new-mortgage-perspective\/","title":{"rendered":"Parents May Need a New Mortgage Perspective"},"content":{"rendered":"

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Parents are having a tough time saving money. Fifty-one percent of parents recently surveyed say their mortgage<\/a> was having a \u201cmajor impact\u201d on their ability to save, according to Bankrate\u2019s Money Pulse survey for February.<\/p>\n

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Read more<\/strong>: Buy a Home With No Monthly Payments?<\/span><\/p>\n<\/blockquote>\n

\u201cIt\u2019s probably not as much about the mortgage as it is that stage of life,\u201d says Jonathan Smoke, realtor<\/a>.com\u00ae\u2019s chief economist.<\/p>\n

Homeowners with children are likely to be in their early 30s to mid 50s and have many financial goals. They’re not only tending to the needs of their children but also saving for college and retirement, maintaining a home, and paying the mortgage.<\/p>\n

Jim Sahnger with Schaffer Mortgage in Palm Beach Gardens, Fla., says parents may need to change how they think of mortgage payments: It\u2019s not just another form of paying off debt but it\u2019s a form of savings.<\/p>\n

\u201cIf you look at it from the aspect of you\u2019re building equity, that\u2019s obviously important,\u201d Sahnger says. Further, homeownership can help shield you from rental cost increases, and there are tax benefits to owning, he adds.<\/p>\n

Two in three parents who don\u2019t own a home say that financial issues such as poor credit or being unable to afford the down payment are preventing them from buying.<\/p>\n

The Bankrate survey also found that 15 percent of Americans say they\u2019re very or somewhat likely to purchase a home this year, with older millennials (ages 27 to 36) and Generation Xers (ages 37-52) showing the greatest likelihood of buying.<\/p>\n

Source: \u201cParents Have Trouble Saving Because of Mortgage Payments, Bankrate Survey Finds,\u201d Bankrate.com (February 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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[ad_1] Parents are having a tough time saving money. Fifty-one percent of parents recently surveyed say … Parents May Need a New Mortgage Perspective<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1443,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,1403,15239,625,12908,543,3051,627,408,1007,41,818,678],"class_list":["post-1442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-buy","tag-chase","tag-down-payment","tag-home","tag-home-buying-guide","tag-homeowner","tag-homeowners","tag-mortgage","tag-owners","tag-property","tag-real","tag-rental"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/rRgA3mKi0kc","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10190,"url":"https:\/\/amazingproperty.com.ng\/blog\/key-u-s-mortgage-statistics\/","url_meta":{"origin":1442,"position":0},"title":"See The Key U.S. mortgage statistics","author":"Amazing Property","date":"June 9, 2020","format":false,"excerpt":"\u00a0 Welcome to this page today . It\u2019s always a good idea to keep an eye on the U.S. real estate market, remembering how the 2007-2009 housing bubble originated from there. Every real estate investor, buyer, or seller should be acquainted with the Key US mortgage statistics\u00a0\u00a0 , in 2016\u2026","rel":"","context":"In "Mortgage"","block_context":{"text":"Mortgage","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/mortgage\/"},"img":{"alt_text":"US mortgage statistics","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/06\/US-mortgage-statistics.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3871,"url":"https:\/\/amazingproperty.com.ng\/blog\/lower-mortgage-rates-boost-loan-demand\/","url_meta":{"origin":1442,"position":1},"title":"Lower Mortgage Rates Boost Loan Demand","author":"Amazing Property","date":"April 26, 2017","format":false,"excerpt":"Total mortgage activity\u2014which includes applications for refinancings and home purchases\u2014rose 2.7 percent on a seasonally adjusted basis as homeowners rushed to take advantage of lower mortgage rates. 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