Listen in as Millennials Chat About Homebuying & Credit

Findings from the Chase Slate^® 2017 Credit Outlook

33% of Millennials plan to buy a home in the next 4-5 years

Considering the price of rent, I think it would be beneficial to own something at a younger age. – Ashley S., 28, Spring Hill, TN

A year before we bought our house, we started monitoring our credit. – Bernadette G., 32, Eden Prairie, MN

I wish I had a better idea of where to start. There is lots of information out there, it is just all over the place. – Ashley S., 28, Spring Hill, TN

The process of buying a home is difficult. It takes a lot of preparation. Educate yourself first. Don’t be afraid to ask questions. – Matthew P., 35, Washington, DC

Having a good credit score is incredibly important. – Mariah B., 28, Williamsburg, IA

Many Millennials check their credit scores frequently because they plan to buy a home soon

It’s intimidating. The first step that we took was making sure that our finances were in order. – Nathaniel S., 25, Atlanta, GA

Make sure that you know your credit score and your financial situation. This is the biggest player in buying a new home, as well as how much you can afford realistically. – Bernadette G., 32, Eden Prairie, MN

I spent a full year working on raising my credit score before I purchased. I've continued to monitor my score on several different platforms ever since – Eugina S., 35, Woodbridge, VA

79% of Millennials say their credit score was a very big factor in the type of home they could buy

I have started to prepare by reviewing my credit score through my credit card company. I then reviewed what that means for mortgage rates. – John K., 25, Lititz, PA

We've worked on building excellent credit, we've worked on saving for our down payment, and we've kept a pulse on the real estate market. – Simon W., 24, Chicago, IL

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