The 20% solution: Personal savings rates and homeownership
Over the last few decades, savings has followed a path conversely proportionate to consumer confidence.
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Tag: down payment
Down payment download: Mind your mortgage
A homebuyer sourcing a 20% down payment experiences significant cost reductions over the life of the mortgage
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Down payment download: 20% has your back
A homebuyer sourcing a 20% down payment experiences significant cost reductions when choosing to save up a full down payment before investing in ownership.
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Down payment download: Why 20%
The first in the series introducing the benefits available to mortgage-funded buyers when acquiring home ownership using a 20% cash down payment.
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The Statewide Housing Plan (SHP) focuses on first-time homebuyers and homeownership disparities
Calif. Health and Safety Code §50426
Amended to add subsection (c) by AB 1508
Effective date: January 1, 2024
New mortgage premium structure signifies a transfer of wealth
The FHFA has altered their mortgage insurance premiums. Now, borrowers with lower credit scores and down payments will be paying less under the new structure than they did under the old.
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FHA raises the mortgage limit ceiling for 2023
The FHA has increased the mortgage limits for California homebuyers in 2023.
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Today’s minimum down payment homebuyers are in big trouble
Low down payment homebuyers who go under contract today will be underwater by the time they sign on the dotted line.
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Structuring a no down payment carryback sale
This article lays out the home seller’s financial risks in an installment sale structured with little to no cash down payment from the buyer.
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Mounting debt is locking Millennials out of real estate
As student loan debt piles on, first-time homebuyers of the Millennial generation feel the weight.
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Employment and wages highest hurdles for Millennial first-time homebuyers
The American Dream of homeownership is out of reach for the average Millennial, especially in California. What will it take to restore the dream?
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First-time homebuyers and households of color most impacted by interest rate hikes
Absent a decrease in demand (unlikely), first-time homebuyers, and particularly homebuyers of color, stand to lose the most from 2022’s rising interest rates.
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Now spent, stimulus payments leave no lasting impacts for households
As savings dwindle, so do individual economic prospects — and the outcome for housing ought to worry real estate professionals.
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Career Coach: first-time homebuyer considerations
The following is an excerpt from the new edition of the firsttuesday Career Manual, a best practices guide to help new real estate licensees establish their personal brands and boost income. In this excerpt, we discuss considerations for agents when dealing with first-time homebuyers.
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First-time homebuyer tax credits: do we need them?
The potentials and drawbacks of a first-time homebuyer stimulus.
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In California, where down payments are highest, homeownership is lowest
Low loan-to-value ratios (LTVs) aren’t necessarily a good thing.
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How homebuyers are saving up to buy
55% of homebuyers reported making at least one type of financial sacrifice to save.
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Change the law: Phase in a Qualified Residential Mortgage requirement for a 20% down payment
first tuesday proposes to phase in a graduated down payment requirement for the qualified residential mortgage (QRM).
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Obstacles holding back renters from homeownership
Most renters report a number of obstacles are holding them back from buying a home.
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POLLS: Down payments and closing transactions
In your experience, the number of homebuyers with a down payment smaller than 20% is: increasing....
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