Items Tagged with 'First-time buyer'

ARTICLES

  • Millennials want to buy homes, but their wallets are saying no

    First-time homebuyers made up 42% of spring’s home-shoppers
    Although spring may be behind us, data says the season's uptick in home buying interest is here to stay. According to a survey from realtor.com, this spring was filled with home-buying interest, especially from the nation’s first-time buyers. But while their purchasing interest peaked, survey results indicate many still can't afford to purchase a home.
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  • The top 5 easiest markets to save for a down payment

    For first-time homebuyers, these five metros are their best bet
    Saving for a down payment is a real drag these days thanks to soaring home prices and high interest rates. But, according to RealEstate.com, there are a handful of U.S. metros where it doesn’t suck quite as much as the rest. RealEstate.com’s analysis factors in median household income among Millennials and their estimated annual household savings to determine how long it would take to save for a 20% down payment on a starter home or a home priced in the bottom third of their markets.
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  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
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  • The essential guide for lenders to help Millennials buy a home

    Here are 7 helpful tips
    Every generation faces defining economic events that alter their collective perspective. For Millennials, their coming of age moment occurred during the largest housing market downturn in American history. The housing market coupled with the ubiquitous availability of real estate and market information online has created a new era of homebuyers in Millennials. These tips will help you navigate how to help them as a lender.
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  • Five things we learned from the 2016 home-buying season

    And what it all means for 2017
    [EXPERT COMMENTARY] With vacations over and the holidays coming fast, home buying is beginning to slow down. So, given all of the predictions for 2016, let’s review the better part of the 2016 home-buying season and see what we’ve learned, with an eye toward 2017.
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  • Quicken Loans now offering 1% down mortgages

    Here are the details on the program that no one is talking about
    While megabanks like Bank of America, Wells Fargo and JPMorgan Chase grabbed the headlines earlier this year by separately announcing plans to offer mortgage loans that only require a 3% down payment from the borrower, there is another major lender that is quietly requiring even less from borrowers. Unbeknownst to many in the market, Quicken Loans began offering an even better deal for borrowers late last year – a 1% down mortgage.
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  • Should you rent or buy a home? 6 questions Millennials need to ask themselves

    In honor of American Housing Month
    Realizing or deciding it's time to move to a new home is the easy part. From there, comes the choice to buy a home or to rent. This is where it gets difficult. As you hash out this decision, the American Bankers Association Foundation, in recognition of American Housing Month, suggested the following six questions to help when deciding whether to rent or buy.
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