Gen Xer's Most Likely To Be Denied Mortgages

Mortgage applicants 40 to 54 years old—those in Generation X—have the highest loan denial rates, according to data from NAR’s 2020 Home Buyers and Sellers Generational Trends Report. Low credit scores and high debt-to-income ratios are the chief causes—perhaps lingering problems from the Great Recession. Lenders denied 7% of Gen Xers’ applications, compared to a 5% denial rate across all other age groups

Comments

Post a Comment

Popular posts from this blog

Crucial Coronavirus Cleaning Tips: How To Keep Your Home Germ-Free During the Pandemic

Image
How long the virus survives—and where it thrives The novel coronavirus can survive on surfaces anywhere from hours to days. The latest information is that it can last 24 hours on cardboard, 48 to 72 hours on plastic, and 48 to 72 hours on stainless steel, says  Dr. Reuben Elovitz , internist and CEO at  Private Health Dallas , who cited a recent study from the  New England Journal of Medicine . The duration also depends on a few other factors, like temperature and whether a surface is prone to holding moisture. “Wooden handles, for example, are more likely to be damp than metal under normal conditions—and damp conditions can enable many infectious agents to thrive,” explains molecular biologist  Dr. Tracey Evans . “ Furthermore, a warm room is more favorable for many pathogens than a cold one.” Regardless of what kinds of temperatures and surfaces you have in your home, there are things you can do to keep these dangerous pathogens at bay. Ditch germs at the door Clean an
Read more

The Latest Trends In Kitchen Faucets

Image
1. Professional-Looking Faucets Just about every brand showing kitchen faucets at Design & Construction Week  seemed to have a professional-style kitchen faucet with a spring. Kohler launched its Graze line of faucets, including the Semi-Professional design shown here, which has a tight coil hose to allow for easier cleaning.  Graze faucets are available in polished chrome, stainless steel and matte black. Pfister’s new Neera Culinary faucet, left, capitalizes on the demand for professional-looking kitchen faucets. Photo by Erin Carlyle The new Neera Culinary faucet from Pfister (shown here in brushed gold) has a three-function spray head and a highly visible spring that echoes the style of a restaurant kitchen faucet. “The spring is extremely popular right now,” says Danyel Tiefenbacher, brand manager at Pfister. The Neera comes in polished chrome, stainless, matte black and brushed gold. Erin Carlyle American Standard’s new  Semi-Professional kitchen faucet
Read more

8 Trees for Small Spaces

Image
KMS Gardens and Design 1. ‘Red Obelisk’ Beech ( Fagus sylvatica  ‘Red Obelisk’) Beech are native to Central Europe and England; ‘Red Obelisk’ is a hybrid. Loved by:  Kathy Molnar Simpson of  KMS Gardens and Design  in Chicago Why this tree: Its columnar form maxes out at 5 feet wide when mature, which is great when height is needed in a tight space, Use these trees in front of a house or along a foundation, where they can help balance the scale between the home and lower garden plants. Pick up the leaf color in other plants grouped with this tree. The leaf coloration also pairs well with chartreuse and periwinkle colorations. Special features : “The narrow, columnar form and coloration are the highlights of the tree,” the designer says. “It also has a glowing mahogany fall color and winter interest from the tight branching form, undulating branches and smooth, silver bark.” Growing tips:  “This tree likes good, organic, loamy soil with plenty of regular moisture. It is pret
Read more