Category: Buying Myths

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Millennials Flock Towards Low Down Payment Programs

A report released by Down Payment Resource shows that 61{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} of first-time homebuyers purchased their homes with a down payment of 6{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} or less. The trend continued among all buyers with a mortgage, as 73{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} made a down payment of less than 20{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}.…

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}) vs. the percentage needed to buy a median-priced home (15.8{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}),…

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}) vs. the percentage needed to buy a median-priced home (15.8{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}),…