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VA Loans: Helping Veterans Achieve Their Homeownership Dreams

By |2021-11-11T04:00:27-07:00November 11th, 2021|Categories: Buying Myths, Down Payments, For Buyers, Real Estate, Time-sensitive|

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program: “The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel, surviving spouses, and members of [...]

Is a 20% Down Payment Really Necessary To Purchase a Home?

By |2021-09-22T03:00:13-07:00September 22nd, 2021|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is [...]

The Truths Young Homebuyers Need To Hear

By |2021-07-07T03:00:45-07:00July 7th, 2021|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Real Estate, Rent vs. Buy|

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value [...]

What To Expect as Appraisal Gaps Grow

By |2021-06-29T03:00:36-07:00June 29th, 2021|Categories: Buying Myths, Down Payments, For Buyers, For Sellers, Move-Up Buyers, Pricing, Real Estate, Selling Myths|

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing [...]

Why Waiting to Buy a Home Could Cost You a Small Fortune

By |2021-05-06T03:00:35-07:00May 6th, 2021|Categories: Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. [...]

How Much Time Do You Need To Save for a Down Payment?

By |2021-04-19T03:00:22-07:00April 19th, 2021|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Real Estate|

One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think. Using data from [...]

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

By |2021-04-05T03:00:50-07:00April 5th, 2021|Categories: Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans [...]

How Smart Is It to Buy a Home Today?

By |2021-03-03T04:00:07-07:00March 3rd, 2021|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. [...]

What Are the Benefits of a 20% Down Payment?

By |2021-03-01T04:00:11-07:00March 1st, 2021|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want [...]

Do I Really Need a 20% Down Payment to Buy a Home?

By |2021-02-03T04:00:41-07:00February 3rd, 2021|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you [...]