Contact 2 – Financial expert offers practical tips for first time homebuyers

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ST. LOUIS, Mo. — In the latest edition of the Contact 2 Consumer Confidential, we’re focusing in on the possibility of a new purchase in the new year. we’re talking about buying a home, and this segment is really focused on people who’re thinking about doing that for the first time.

The National Association of Realtors reports millennials represented 37% of all homebuyers last year. Of those under age 28, 86% were first-time homebuyers.

A recent survey from Chase Home Lending reports 70% of millennials are willing to cut back on things like manicures, the new Marvel movie and other recreational spending in order to become homeowners.

Our guest today suggests making a very important resolution to help put you on the path to homeownership in 2020.

In this interview with FOX 2’s Mike Colombo, Chase Financial Education Ambassador, best-selling author and host of the award-winning podcast So Money Farnoosh Torabi Suggests making a very important resolution to help put you on the path to homeownership in 2020.

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Contact 2 has resolved consumer complaints totaling millions of dollars over the years. Those cases have not only brought peace of mind to the consumers who asked Contact 2 for help, but also shed light on allegations of deception and wrongdoing levied against businesses, contractors and government agencies.

Our team focuses on gathering the facts about what happened. The process involves seeking out both sides of the story. It’s not always what consumers want to hear, but we have an obligation to be fair to the entity accused of causing the problem. Working to clearly understand the details is an important part of the job. Sometimes these cases can be resolved quickly. Other times, Contact 2 will spend weeks or months getting to the bottom of the problem. We appreciate the patience of those who’ve asked us to help them.

While dealing with the complaints of individual consumers is a big part of the job for Contact 2, we’re also dedicated to informing consumers of the latest scams, rip-offs and fraud schemes. Technology has made it easier than ever for criminals to target consumers. Contact 2 monitors reports of this activity around the world to help arm the public with tools to protect their personal information and hard- earned money. We share that information with consumers on-air and online.

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