The One Thing Every Millennial Should Do if They Want to Own a Home (It Costs Nothing)

Three bridges to a home are displayed in this photo illustration meant to represent a path to homeownership.
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Owning a home is no small feat — especially after the financial apocalypse and dismal job market millennials have persevered through. Twice.

And yet, despite all odds, millennials are now the biggest group of homeowners in the United States, according to 2020 research by the National Association of Realtors.

How did they do it? Well, everyone follows a different path to homeownership — but there is one thing most home-owning millennials have in common: a good credit score.

Without a good credit score, getting approved for a mortgage is going to be tough. And getting a decent interest rate is going to be even harder — meaning a homeowner could be paying tens of thousands of dollars more for their home than someone with excellent credit. Yikes.

That unnecessary debt is avoidable, though, and it will cost you nothing to start improving your credit score.

In 90 seconds, you can sign up for a free Credit Sesame account and get personalized tips on how to improve your score. You’ll also be able to see any of your debt-carrying accounts, plus any marks or errors holding you back (it’s more common than you’d think).

So for millennials ready to take the next big step in their life and stake a claim on a piece of property, make sure your credit is on track. Credit Sesame can help you bump it up — making homeownership more attainable.

Can you see a white picket fence in your near future? Then take 90 seconds to sign up for a free Credit Sesame account. The sooner you get started, the closer you’ll be to your goal of a good credit score — and homeownership.

Kari Faber is a staff writer at The Penny Hoarder. She’s a first-time millennial homeowner, somehow!