Don't Miss
- 4 Unexpected Things I’ve Learned From Buying My First Mobile Home Park
- How Ironic: America’s Rent-Controlled Cities Are Its Least Affordable
- U.S. homes are still a bargain on the international market
- Getting The Best Possible Quality Photos On MLSs and Syndicated Sites
- Home buyers in these markets have the upper hand
The Down Payment Quandary: Trying to Save 20 Percent
By reinvestor on November 12, 2015
The crimp that high rents are putting in people’s budgets has a direct impact on how able they are to save for a down payment.
Rising home prices compound the problem, requiring an even larger heap of cash to reach the 20 percent mark, the amount typically required to avoid mortgage insurance.
People used to get there with second jobs, but lenders don’t see this as much since the recession.
100% Secure
You must be logged in to post a comment Login