Millennials facing a ‘Social Ladder’ dilemma
MIAMI, May 2, 2016 /PRNewswire/ — Today, BurkeyLoan Inc. begins a series of informational releases detailing the BurkeyLoan Mortgage Program and rolling (refinancing) student loans into purchase mortgages.
The Company plans a mid-summer launch is select states with a nationwide rollout within the year. Initially the company will seek borrowers with top tier credit, work and academic profiles.
The burden of student loan debt has reached a crisis level for Millennials and our nation. This debt burden has delayed household formation, postponed housing purchases, limited entrepreneurial endeavors and most notably delayed family formation an integral component of our society.
The Company Chairman and CEO, John Burkey, says that the Millennial Generation is facing a Social Ladder Dilemma. The once manageable task of paying off student loan debt while saving for a home down payment has been replaced with the daunting mutually exclusive events of mounting education debt and escalating home prices.
The trademarked BurkeyLoan is a standardized method and process of separating the risk characteristics of a mortgage loan into transparent and distinguishable components based on the components relative LTV position. The process of segmenting the components provides an end to end transparency, in loan level detail, from homeowner to investor.
About BurkeyLoan Inc.
BurkeyLoan Inc., a Burkey Capital LLC sponsored company, is a financial service company that is committed to transforming the residential mortgage market and building a new housing finance system. The Company will originate loans directly and hold the resulting whole loans in its investment funds. The Company makes available a spectrum of investment profiles and encourages institutions, mortgage reits and advisors to explore the opportunities.
