Down Payments

June 19, 2019

What You Need to Know About Private Mortgage Insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much ...

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June 14, 2019

2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers | Simplifying The Market

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,

 

 

“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home ...

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May 7, 2019

How Quickly Can You Save Your Down Payment?

How Quickly Can You Save Your Down Payment? | Simplifying The Market

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

  ...

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April 14, 2019

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
  • 88% of property managers raised their rents in the last 12 months!
  • The average credit score on approved loans ...
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April 2, 2019

Your Tax Refund Is The Key To Homeownership!

Your Tax Refund Is The Key To Homeownership! | Simplifying The Market

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year.

 

Tax refunds are often thought of as ‘extra money’ that ...

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Feb. 22, 2019

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC]

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it.

Living within a budget right now will help you save money for down payments while also paying down other debts ...

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Feb. 8, 2019

One More Time… You Do Not Need 20% Down to Buy a Home

One More Time... You Do Not Need 20% Down to Buy a Home | Simplifying The Market

The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses.

 

 

In combination with higher rents, survey ...

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Dec. 4, 2018

Will Your Side Hustle Buy You a House This Year?

Will Your Side Hustle Buy You a House This Year? | Simplifying The Market

The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. 

 

Among millennials with incomes over $100,000 a ...

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Aug. 23, 2018

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

Having Trouble Saving Enough for Your Down Payment? Crowdfund It! | Simplifying The Market

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.

 

Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by ...

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Aug. 8, 2018

Home Buying Myths Slayed [INFOGRAPHIC]

Home Buying Myths Slayed [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
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