BMO Reports on Multigenerational Mortgage Strategies Among U.S. Latino Community
BMO's Real Financial Progress Index highlights that the U.S. Latino community is increasingly adopting multigenerational mortgage strategies to achieve homeownership amid economic challenges. Despite strong desire for homeownership (76%), affordability issues persist, with 57% believing they will never own a home. Family support plays a critical role, with 46% of Latino homeowners stating they couldn't have bought a home without family help.
Topics: BMO research family economics financial progress housing market Latino community