buying your first home Tag

Putting a 20% mortgage downpayment is all but dead. For first time buyers, most put down far less than 20% down when purchasing a home. Most buyers make down payments lower than 20% “It’s been my experience that about half of my clients know that there...

First-time homebuyers have a recorded tendency to overpay on their home purchase. A report by the Federal Housing Finance Agency (FHFA) identifies three reasons for overpayment by first-time homebuyers: first-time homebuyers are more eager to purchase than repeat homebuyers; they are less likely to identify mistakes in an appraiser’s report;...