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You Can Save for a Down Payment Faster Than You Think!

[ad_1] Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down…
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It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

[ad_1] According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax…
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2 Major Myths Holding Back Home Buyers

[ad_1] Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders…
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61% of First-Time Buyers Put Down Less than 6%

[ad_1] According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers…
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3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]

[ad_1] Some Highlights: Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot…
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Home Prices Up 7% from Last Year

[ad_1] According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes…
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Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]

[ad_1] Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts: 40% of millennials who purchased…
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Millennials Flock Towards Low Down Payment Programs

[ad_1] A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less…
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No… You Do Not Need 20% Down to Buy NOW!

[ad_1] The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The…
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Number of Buyers Putting Down Less Than 10% Hits 7-Year High

[ad_1] According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many…
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Home Buying Myths Slayed [INFOGRAPHIC]

[ad_1] Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. [ad_2] Source link
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2 Myths Holding Back Home Buyers

[ad_1] In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth…