Millennials are now America's largest group of homebuyers — but one mistake can really cost them. (via Grow_mag)
Among homeowners age 34 and under, 40% say they've been late on a mortgage payment,. Meanwhile, just 7% of homeowners age 55 and older report being late.
A late mortgage payment can mean a big hit to your credit score, and to your ability to borrow more money at a reasonable interest rate. Over time, a habit of missed payments could lead to more serious consequences, too: It could, for example,Make sure your mortgage payment is manageable
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