A New Lease on Homeownership

May 10, 2017, 15:08 PM by User Not Found
United Wholesale Mortgage CEO Mat Ishbia says, “People don’t know about this, we have to educate them—that’s our job in this industry.” He continues, “Educate consumers, educate the Millennial generation, educate everybody—they actually think they need to save 10 or 20% down, that’s why they’re over there renting.” What’s even worse, says Ishbia, is that many millennials aren’t even aware of what they don’t know. Fourteen percent of millennial potential homebuyers are not familiar with what a mortgage broker is, while 37 percent have heard about brokers, but have no idea as to what they do.

United Wholesale Mortgage CEO Mat Ishbia says, “People don’t know about this, we have to educate them—that’s our job in this industry.” He continues, “Educate consumers, educate the Millennial generation, educate everybody—they actually think they need to save 10 or 20% down, that’s why they’re over there renting.”

What’s even worse, says Ishbia, is that many millennials aren’t even aware of what they don’t know. Fourteen percent of millennial potential homebuyers are not familiar with what a mortgage broker is, while 37 percent have heard about brokers, but have no idea as to what they do.

Click here to read the full story via StudyBreaks.com.

 
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