More than one-third (36%) of Gen Zers and millennials who plan to buy a home soon expect to receive a cash gift from family to help fund their down payment. That’s according to a Redfin-commissioned survey conducted by Qualtrics in February 2024. The nationally representative survey was fielded to 3,000 U.S. homeowners and renters.  Young homebuyers […]

In mortgage lending, almost nothing is more frustrating than working hard on applications that ultimately get rejected — especially when the problems result from simple errors and homebuyer misunderstandings. At a time when it’s so important to close every eligible loan, here’s what many mortgage originators are doing to ensure a smoother loan process, especially […]