Where Should You Invest the Cash For Your Next Down Payment? by Scott Trench | BiggerPockets.com By Scott Trench updated September 10, 2017 Investor Financing & Creative REI It’s a common question from folks saving up to buy their first (or next) rental property, house-hack, or primary residence: Should I keep my money safe in … Continue reading Where Should You Invest the Cash For Your Next Down Payment?
Lower Down Payments Make Homeownership More Accessible Although DownPayment Resource is reporting in their Down Payment Report for June that homeownership is struggling—63.9 percent of the population and falling—newer “super low down” loans are starting to become more popular with millennials to get their foot in the home-ownership door. The standard 20 percent down payment … Continue reading Lower Down Payments Make Homeownership More Accessible
~ a little bit of a no-brainer. But saving and obtaining a down payment is not as big of a hurdle that many anticipate. There are lots of programs that can help ~ Saving for down payment biggest obstacle to homeownership Posted by Carrie B. Reyes | Jun 6, 2017 | Finance and Mortgages, Home … Continue reading Saving for down payment biggest obstacle to homeownership
Check out these articles ~ The Down Payment is the Big Thing Millennial Homebuyer Capacity is Shrinking Rising Mortgage Rates Leave First-Time Buyers Timid
Young adults need to save for at least 5 years to buy a home: study We know buying a home isn’t a realistic possibility for most Americans. Particularly among homebuyers 35 and younger, affordability is a central concern, with 32.5% citing it as their primary worry. Only 7% said they had no concerns about the … Continue reading Young adults need to save for at least 5 years to buy a home: study
From CityLab June 1 2016 One in Five Americans Has Sacrificed Spending to Make Rent A new poll suggests that millions cut spending on groceries, clothing, and even medical care just to make rent over the past year. Ksenia Ragozina/Shutterstock.com Households in the U.S. are having a hard time making ends meet. Even as Americans … Continue reading One in Five Americans Has Sacrificed Spending to Make Rent
From The MReport.com 2/9/16 Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles. Zillow's Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for … Continue reading Prospective Homeowners Held Back by Financial Situation
Down Payment Assistance Thank you for your interest in our Down Payment Assistance Program. The City of Riverside has recently been awarded a CalHOME Grant from the State of California Department of Housing & Community Development. As of January, 2016, funds are still available! Please contact a lender from our approved Lender list below in … Continue reading Down Payment Assistance ~ Riverside
From Credit.com 5/20/15 Are you saving up to buy a home down the road? It makes sense from a personal financial planning perspective, but when it comes to whether it actually helps you get your foot in the door, you may want to reconsider.Why? In most cases, your ability to save is going to be … Continue reading Should You Save for a Down Payment Or Buy a Home Now?
From Zillow 5/22/14 ~read below and see that even the financial experts took time to manage and save their downpayment~ For first-time home buyers, setting aside enough money for a down payment and closing costs is often one of the biggest hurdles to homeownership. And when you factor in insurance, taxes, maintenance and other costs associated … Continue reading Lifestyle budget cuts to afford a mortgage