Mortgage, US Real Estate

Saving for a down payment: How long will it take?

By Mike Wheatley | December 14, 2015
Saving up for a down payment on a home takes time, we all know that. But how much time exactly? A new blog post on Builder Online sheds some light on the matter.
Featured News, Mortgage, US Real Estate

1/4 of first-time buyers seek down payment assistance

By Mike Wheatley | October 27, 2015
With younger buyers increasingly finding themselves locked out of the real estate market by rising prices that make it difficult to save for a down payment, many are turning to mom and dad.
Mortgage, Real Estate, US Real Estate

Research Shows It Takes More Than a Decade To Save for a Down Payment

By Mike Wheatley | November 10, 2014
First-time buyers have a whole lot of saving to do — possibly more than a decade of saving for a home purchase. It can take, on average, 12.5 years for first-time buyers to save a 20 percent down payment
Featured News, Mortgage, Real Estate, US Real Estate

Is Debt The Biggest Barrier To Home Ownership?

By Mike Wheatley | November 7, 2014
Debt — like student loans and car payments — can create the biggest barrier to home ownership, more so than saving for a down payment, according to a new analysis by RealtyTrac.
Mortgage, US Real Estate

Down Payments Have Doubled for Low-Priced Homes

By Mike Wheatley | August 19, 2014
Buyers looking at lower-priced homes are not only facing major inventory hurdles, they’re also finding that they have to bring more money to the closing table.
Mortgage, US Real Estate

Most Buyers Misjudge Down Payment Requirements

By Mike Wheatley | June 18, 2014
Many consumers are overestimating the down payment they need in order to purchase a home, according to Christina Boyle, vice president and head of single-family sales at Freddie Mac.
Real Estate, US Real Estate

FHA Delinquencies Surge To Record Levels In 3rd Quarter 2012

By Donna S. Robinson | October 26, 2012
For the first 20 years of it's existence the Federal Housing Administration, created in 1934, enjoyed a delinquency rate of 0.2%. As of September 2012, the delinquency rate has surged to a record 17.3%. Compare that to less than 2% for privately insured mortgage company, MGIC.
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