Fort Lauderdale Blog

3 Money-Smart Tips for Millennials

3 Money-Smart Tips for Millennials

 Fort Lauderdale, Fl

From witnessing the plight of their parents to navigating a barren employment landscape, most millennials experienced the effects of the economic downturn in one form or another. As a result, they’re cognizant of the importance of monetary well-being, yet unsure how to best manage their finances.

In reality, there are many routes to take on the path to a secure financial future. The specialists at Northwestern Mutual recommend starting with the following money-wise tasks:

Can You Negotiate Your Interest Rates?

Can You Negotiate Your Interest Rates?

 Fort Lauderdale, Fl

So you're ready to get pre-approved for a home loan. You begin shopping around at several lenders and you realize that interest rates vary. This gets you thinking: can you negotiate your interest rates like you can negotiate the price of your new home?

The answer isn't so simple, because it depends who you negotiate with. Some lenders are willing to haggle on both the loan rate and the number of points, but this is not typical among more established lenders.

Regaining Balance: 1 Million U.S. Borrowers Recoup Equity in 2015

Regaining Balance: 1 Million U.S. Borrowers Recoup Equity in 2015

 Fort Lauderdale, FL

One million borrowers regained equity in 2015, bringing the total number of mortgaged residential properties with equity at the end of Q4 2015 to approximately 46.3 million, or 91.5 percent of all mortgaged properties, according to the new CoreLogic® analysis. Nationwide, borrower equity increased year over year by $682 billion in Q4 2015. The CoreLogic analysis also indicates approximately 120,000 properties lost equity in the fourth quarter of 2015 compared to the third quarter of 2015.