November 8, 2017
Updated 8mo ago
A recent study done by GoBankingRate.com found that single women are in less debt than men...but there's a catch. The reason is that more men are homeowners. Lisa Rowan, Senior Writer at The Penny Hoarder, joins Your Cheddar to explain why this is the case. She says women are a little more concerned with the housing costs, citing that 42% of female renters say they couldn't afford a down payment. Rowan also talks about how a mortgage is one of the best types of debt, if you're paying it on time. And women are less likely to default on their mortgages. Plus, Lisa talks about the key things you need to think about before buying a home whether you're a man or a woman. She says to consider the responsibility, think about the cost, and save now for your mortgage.