Millennials Flock Towards Low Down Payment Programs

Millennials Flock Towards Low Down Payment Programs

Millennials Flock Towards Low Down Payment Programs [featured-img][mashshare] [foobar] 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 than 20%. An article by Chase points to a new wave of millennial homebuyers: “We teamed up with ...
Number of Buyers Putting Down Less Than 10% Hits 7-Year High

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

Number of Buyers Putting Down Less Than 10% Hits 7-Year High [featured-img][mashshare] [foobar] 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 mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to ...
Home Buying Myths Slayed

Home Buying Myths Slayed [INFOGRAPHIC]

Home Buying Myths Slayed [INFOGRAPHIC] [featured-img][mashshare] [foobar] 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. FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email ...
TerrasolOC.com - 2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers [featured-img][mashshare] [foobar] 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 #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to ...