Millennials are struggling economically. It's primarily student loan debt that has proven to be Millennial's plight. In this blog post, a very well-known economist's opinions and advice are directed toward millennials on how to better position themselves financially to succeed. Most millennials want to buy a home, but are unable to due to their student loan debt and high costs of living due to inflation. This post focuses on some of the ways that millennials can overcome these struggles. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina.
Calculating your mortgage is a little bit more complex than just figuring out the principal and interest. Most shoppers do not figure their insurance and taxes into the equation when considering buying a property. The old acronym for your total monthly obligation is PITI (principal, interest, taxes and insurance). This blog post walks your through the process of how to figure out your entire monthly mortgage obligation (minus utilities, etc.). Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!