Tag Archives: Down Payment

What are the chances of getting a plot of land for $1 in one of the country’s hottest housing markets, where the median home price is $540,000 to ...

Manhattan, New York and Santa Barbara, California are among the most expensive places to buy a home, but the best places to rent, while Baltimore, Maryland and Clayton ...

hey dream of buying a forever home, but only some of these millennial first-time homebuyers are confident they can afford the down payment for the kind of home they would like to live in.

With the cost of homes skyrocketing as the year goes on, buyers are forced to gamble on paying a lower down payment today or saving for an extra year and having the home of their dreams rise out of their budget.

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 ...

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.

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.

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.

The down payment has traditionally been cited as the most common obstacle to homeownership. But apparently, it may not be as big an obstacle as originally thought.

Many would-be homebuyers cannot afford a down payment because they are putting so much money toward rent, while the reason they are putting so much money toward rent is they can't afford a down payment. A recent survey shows which way they might be leaning.