Qualifying for a mortgage may be more accessible than perceived, especially with a steady income and a good credit score. Lenders consider various factors, including debt-to-income ratio and employment stability, making the process more flexible for many individuals. Government-backed programs like FHA loans provide opportunities for borrowers with lower credit scores or smaller down payments. Consulting with a mortgage advisor can help individuals understand their eligibility and explore suitable options. Taking proactive steps to improve credit and financial stability can enhance the likelihood of qualifying for a mortgage.

Young adults may benefit from life insurance, especially if they have financial dependents or co-signed debts. Life insurance provides financial protection for loved ones in the event of an untimely death, helping cover funeral costs, outstanding debts, and living expenses. Obtaining life insurance while young and healthy often results in lower premiums, making it a cost-effective long-term investment. Life insurance can also serve as a financial planning tool, accumulating cash value over time that can be accessed for various purposes. Ultimately, the decision to have life insurance should be based on individual circumstances, financial goals, and responsibilities.