While most of the older generations will have their own homes through retirement, less than half of the largest group in the workforce – Millennials – think they’ll have that same luxury.
A traditional mortgage is usually a fixed-rate loan, so the interest rate never changes. Although this is the kind of loan people typically think of, it’s only ideal for people with a credit score above 620.
You can sign up for a credit monitoring service to help you keep track of it all. An app called SmartCredit offers a paid service and is one of the more helpful options.
The government trains these counselors, specifically the Department of Housing and Urban Development. Their job is to help you find affordable, quality housing.
If you can get into a course locally, it should be free. You can also do it online at your own pace. However, there will probably be a charge for this.