by David Floyd | Oct 7, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in...
![A Latte a Day Keeps Homeownership Away [INFOGRAPHIC]](http://davidmfloyd.com/wp-content/uploads/2019/08/20190823-Share-KCM-549x300.jpg)
by David Floyd | Aug 23, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers
Some Highlights: The pumpkin spice latte is launching soon, so you may be tempted to spend your extra cash on a daily caffeine fix, but that small expense can add up to a big number – fast! Saving for a down payment takes a little discipline, so limiting your extra...
by David Floyd | Aug 6, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers
Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these...
by David Floyd | Jun 19, 2019 | Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers
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...
by David Floyd | May 8, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth is that...
by David Floyd | Apr 29, 2019 | Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
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. Using data...
