Mortgage News

Encouraging News about Military, Millennials and Money

February 27th, 2015

On Wednesday, February 25, I tuned in for a webinar hosted by Navy Federal Credit Union called "Military, Millennials and Money." The forum took place at the National Press Club in Washington, DC.

 
As a lender who specializes in home loans for millennials, it's important I follow national trends and deliver the insights back to you.
 
A few highlights from the webinar:
 
- Millennials in the military continue to lead their peers in financial readiness (ex: ability to buy a home)
 
- 77 percent of all millennials surveyed by Navy Federal say they plan to save more in 2015 than 2014
 
- 58 percent of those same millennials believe they are on track to purchase a home
 
 
Overall, the numbers are positive and show young people are steadily gaining the confidence to make large purchases -- like a first home.
 
If you have any questions about millennials (military or civilian), please contact me at 757-490-4726 or srubin@tidewaterhomefunding.com.


Thanks, and have a wonderful weekend!