real estate business: 20% Down Payment To Buy A Home is Not Accurate For Everyone - 02/13/19 02:11 PM
One of the biggest rock potential buyers face is saving up for the down payment, and the sad truth is a lot of Americans find it as a deterrent and just give up their dreams of buying a home of their own.
The truth of the matter is, you don't need 20% Down to buy a home. In combination with higher rents, survey after survey has shown that non-homeowners (renters and those living rent-free with family or friends) believe they need to save upwards of 20% for their down payment!
According to the "Barriers to Accessing Homeownership" study commissioned in partnership … (0 comments)