Down Payments

How Quickly Can You Save Your Down Payment?

Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers /

\"HowSaving 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 payment in each state. Using data from HUD, Census and […]

How Quickly Can You Save Your Down Payment? Read More »

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing, Rent vs. Buy /

Some Highlights:

The average down payment for first-time homebuyers is only 6%!
Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
88% of property managers raised their rents in the last 12 months!
Th…

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC] Read More »

Your Tax Refund Is The Key To Homeownership!

Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers /

\"YourAccording to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals. For anyone looking to buy a […]

Your Tax Refund Is The Key To Homeownership! Read More »

One More Time… You Do Not Need 20% Down to Buy a Home

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers /

\"OneThe largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses. In combination with higher rents, survey after survey has shown that non-homeowners (renters […]

One More Time… You Do Not Need 20% Down to Buy a Home Read More »

Will Your Side Hustle Buy You a House This Year?

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Millennials /

\"WillThe top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the top ways to come up with […]

Will Your Side Hustle Buy You a House This Year? Read More »

2 Myths Holding Back Home Buyers

Buying Myths, Down Payments, First Time Home Buyers, For Buyers /

\"2Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters […]

2 Myths Holding Back Home Buyers Read More »

Are You Spending TOO Much on Rent?

Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"AreChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

Are You Spending TOO Much on Rent? Read More »

Still Think You Need 15-20% Down to Buy a Home? Think Again!

Down Payments, First Time Home Buyers, For Buyers, Millennials /

\"StillAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

Still Think You Need 15-20% Down to Buy a Home? Think Again! Read More »