USDA Loans Helping Millennials Crack the Housing Market

Millennials have surpassed Baby Boomers as the nation’s largest living generation, according to the U.S. Census Bureau. This generation is forming most of the new households and buying a majority of the new and existing homes. One-half of all U.S. homebuyers are younger than age 36, according to recent housing trends.

However, while many Millennials are buying homes, many others are not. That’s because, financing hurdles are keeping a significant number Millennials out of the market. The most common roadblocks include student loan payments and high rental costs that sap the ability to accumulate a down payment on a mortgage. This results in a “rent trap” that is difficult for many to escape.

There is, however, a little-known mortgage alternative available through the United State Department of Agriculture (USDA) that can be a boon for many Millennials, as well as, other first-time homebuyers.

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MCM’s Backbone: Administration

“I’m a Portfolio Administrator at a registered investment advisory firm, Meyer Capital Management.”

“So… you’re a secretary?”

“No, actually. I’m not a secretary.”

There is a stereotype, across various industries, that all administrative professionals are secretaries. This attitude isn’t always fair for individuals, such as myself, whose titles encompass the word “administrator,” since we are much more than secretaries. So what gave the title such a bad reputation?

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From Liberal Arts to Finance: The Road Less Traveled

ANW One Year

As of this month, I have officially been a part of the Meyer Capital Management (MCM) team for one year! In celebration of the past year I decided to reflect on what I learned and accomplished.

First off, I must acknowledge that a year and a half ago I did not expect to work in the finance industry, particularly for a Registered Investment Adviser. To be honest, at that time I couldn’t tell you what it meant to be a Registered Investment Adviser. In the spring of 2015, I graduated with a Bachelor of Arts degree in Political Science and Pre-Law from Northern Kentucky University. Upon realizing that I did not want to go to law school with many of my peers, I asked myself, “What exactly do I want to do with my life?”

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