Open House - The Real Estate and Mortgage Show
Steve, Paul and Frank take all your real estate and mortgage questions. With the kids heading back to school, now would be a great time to teach them a little money management. The guys give advice on what can and should be done to protect their credit rating.
This week on Open House - The Real Estate and Mortgage Show, Steve Gregory sits with Paul Rushforth and Frank Napolitano to talk about first-time homebuyers, the future of mortgage rates, educating students on money management, and much more.
For many students in their first year of college or university, this month will mark their first time away from home for an extended period. Many lenders are known for setting up on campus and offering student credit cards, prompting a discussion about ensuring students are well informed in the matter of money management. The average student will emerge from their tenure at a post-secondary institution with a debt of approximately $27,000. Applying for a mortgage may seem far off for a student just starting out, but credit mistakes can take years to correct. It is important for students to learn budgeting basics, and be accountable for their credit.