Tag Archives: Down Payments

Millennials are the fastest-growing and largest homebuying group in the nation, but their needs may be different than those before them. At an MReport webinar titled Hottest Buyers on the Block: Reaching Millennials, experts addressed how lenders can change their approach to keep up with the changing needs of these buyers.

Home prices continue escalating in a generally tight U.S. market, which is making half of Americans believe they can’t afford to buy, according to a new report from ...

It’s no secret that rent prices are taking a big bite out of many Americans’ incomes, especially for those not in a position to purchase a home. Even ...

A recent study is examining how advances in technology are making it easier for more people to have access to financial resources.

Saving up for a down payment on a home, especially for first-time homebuyers, can be overwhelming. However, the current buying climate may be the proverbial fan to the flame.

Millennials are spending more than any other generation on their vices. With dwindling inventory and rising home prices, how will they get their foot in the homeownership door?

The amount of down payment assistance programs available dropped very slightly in Q1, but thousands of programs are still out there. A recent report highlights the most important of these programs available to military and veterans. On top of VA loans, veterans can expect to cut down their down payment entirely with these programs.

High down payments and the amount of time required to save for these payments are among the reasons for millennials not quite settling yet. Millennials lifestyles change over time, and a lower down payment could make a difference in the long run.

Buyers saving up to buy a home had better be patient. No matter what the city or what the age group, saving for a new home will take years‒‒in some cases, decades.

In housing markets where home values are constantly rising, first-time buyers often struggle with coming up with a down payment and end up renting versus buying a home.