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Tag Archives: Down Payment

The Truth Behind Down Payments

Homeownership might be the most important goal for millennials, according to a recent report by NerdWallet—however, there is some misunderstanding as to how difficult of an obstacle securing ...

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Not-So Wedded Bliss

Many millennials are sowing their pre-marriage oats with destination bachelor and bachelorette fetes. But their partying is costing them more than a sour stomach the next day; it’s ending their chance at homeownership.

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Acquiring the Down Payment Largest Obstacle for First-Time Homebuyers

A recent survey concluded that the number one misconception and cause for dwindling first time homebuyers is being required to put 20 percent down when it comes to securing a mortgage. Other believed factors include a reduced number of houses on the market, growing student debt, and rising interest rates. Constant dialogue between industry professionals and the education of prospective buyers can help remedy this trend.

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The Down Payment is the Big Thing

The most commonly cited concern among potential homebuyers is coming up with enough money for that initial payment, which in some cases could cost as much as two-thirds of a buyer's yearly income, according to one poll.

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