Finances, Lending, Real Estate, Rental

Four reasons why 2016 is a good time to buy a home | 2015-11-10 | HousingWire

With 2016 fast approaching, now is the time for renters to get off the sidelines, start organizing their finances and take on the excitement of homeownership.But given the recent history of the housing market and Americans’ increasing need to stay mobile, it is understandable that it can be nerve-wracking to invest your hard-earned money in a home. Is 2016 your…

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Lending, Real Estate

87% of properties qualify for down payment assistance | 2015-02-03 | HousingWire

The average amount of down payment assistance across all counties is $11,565. “Many homebuyers, especially millennials, haven’t fully investigated their home financing options because are pessimistic about qualifying for a mortgage. Our Homeownership Program Index highlights the wide range and availability of down payment programs available to today’s homebuyers. In fact, 91 percent of the 2,290 programs in our registry…

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Lending, Real Estate

Down Payments Get Smaller – Real Estate News – realtor.com

“It is getting easier for some buyers to land a house with less money up front. More lenders are lowering down-payment requirements, allowing borrowers to commit 3%—or even less—of a home’s purchase price to get a mortgage. Most had been requiring down payments of 20% or more since the recession began, with a few exceptions. Some lenders also are waiving…

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