A report released by Down Payment Resource shows that 65% of first-time home buyers purchased their homes with a down payment of 6% or less. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings … [Read more...] about Millennials Flock to Low Down Payment Loan Programs
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Do You Know the Real Cost of Renting vs. Buying?
Rent or buy. What is best for you? Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a … [Read more...] about Do You Know the Real Cost of Renting vs. Buying?
First-time homebuyers. First Comes Love . . . Then Comes Mortgage?
Many first-time homebuyers are married. It is no surprise that having two incomes to contribute to monthly housing costs makes buying a home more attainable. It also makes saving for a down payment a more attainable goal. According to the National Association of REALTORS most … [Read more...] about First-time homebuyers. First Comes Love . . . Then Comes Mortgage?
