Statistics from the National Association of Realtors find that 87% of first-time home buyers
believe they need a 10% minimum down payment.
The average age of FIRST-TIME HOME BUYERS
is 38 - 11 years older than those who now own homes were aged when they bought.
He urged the Securities Commission especially to be watchful of such crowdfunding platform managers who may be tempted to build up their portfolios too quickly by lending to first-time home buyers
with compromised financial credibility as they may not be able to repay their loans later.
According to DIB, its biggest home finance clients are first-time home buyers
, buyers of family homes and investors looking to purchase an income-generating asset.
THE number of first-time home buyers
has hit the highest level since 2007, despite deposits doubling.
The typical down payment for 60 percent of first-time home buyers
is 6 percent or less, according to NAR's latest data.
This means first-time home buyers
can take their time in choosing which one would serve their best interests.
More than a quarter of first-time home buyers
taking out a mortgage in 2016 agreed a term of 30 to 35 years, the Halifax has revealed.
Global Banking News-November 24, 2016--Irish central bank eases deposit rules for first-time home buyers
CHICAGO, ILLINOIS: First-time home buyers
are setting aside an average budget of $246,378 - up from $193,197 in 2014 - according to the BMO Harris 2016 Home Buying Survey released today.
Realtors' apex body CREDAI Getamber Anand said the tax incentive will encourage first-time home buyers
and increase the demand significantly.