Rental Loans Now Available: Should You Consider Taking One Out for Your Apartment?

I wish I had a dollar for every time a recent college grad boasts of their new, luxurious apartment rental…

Seriously. I work for a large company that pays college graduates a very livable wage; yet most of this money often ends up going directly into their landlords’ pockets instead of saving it for future needs like childcare, home ownership costs or retirement savings. It can be heartbreaking.

Apartment rent is steadily on the rise as more millennials move into highly desired urban centers in order to be “close to the action”, such as being near bars where their friends frequent. Or perhaps they don’t want to miss out on specific luxury amenities or conveniences they perceive as needs rather than wants – which drives up rent costs as landlords can charge more without incurring penalty from tenants who will still pay up! Can anyone blame them?

Renters facing high costs have found that apartment loans have become “a thing”, with lenders flocking in like predatory birds of prey looking for food in unexpected spots.