
Down Payment Sources for Homebuyers Who Find it Difficult to Save

With student loans and credit debt at an all-time high, many first-time home buyers wonder if they’ll ever accumulate enough money to meet their down payment. Fortunately, there are ways for cash-strapped borrowers to bridge the gap. Here are some options to consider:
Recent policy changes from FHA, Fannie Mae and Freddie Mac are intended to make homeownership a more attainable goal for first-time homebuyers. What are the changes and what difference will they make? For those planning to enter the housing market for the first time, the right opportunity may come sooner than expected due to more favorable guidelines and lower costs.
Read More “2015 Policy Changes Benefit First-Time Homebuyers”
As kids, there are some things we all learn while we’re growing up:
• Never drink soda after you eat Pop Rocks.
• Cracking your knuckles will give you arthritis.
• You’ll catch a cold if you go outside without a jacket.
• It takes a 20% down payment in order to buy your first home.