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By Liz Keuler, Editor – Readynest by MGIC It seems like a no-brainer, but the answer is actually, “Sort of – it depends.” I know, that’s not the quick answer you’re looking for. A bigger down payment usually means more equity in the house right from the get-go, along with a smaller monthly mortgage payment. […]
Here’s a question we get from many new homebuyers: Do you have to use an FHA loan with down payment assistance? The answer is no — there are different types of mortgages available depending on your situation. Each down payment assistance program has a list of “eligible first mortgages” that can be used with the […]
It’s the time of year when graduates hear “what’s your plan now?” from everyone in their life. And that really driven (um, pushy?) relative might even ask about your five year plan. When it comes to generations and planning, one thing is constant — the desire to own a home is strong. But a new […]
Are you expecting a rent increase? You aren’t alone. According to a Rent.com survey, 88 percent of property managers raised rents last year with no signs of slowing. Plus, 53 percent of property managers said they would more likely bring in a new tenant at a higher rent than negotiate leases for existing tenants. Yikes. […]
If you’re a first-time homebuyer, you may be wondering: Should you purchase a small starter home to get into the market now, knowing you may grow out of it in a few years? Or, should you stretch your budget — or spend more time saving — to get a “forever home” that will take care of your […]
You may not be thinking about how homeownership can benefit you decades from now, but you should. A new study from the Urban Institute finds that the younger you buy a home, the wealthier you will be by the time you are 60 years old. The impact of buying young How much of a difference would […]
Mortgage Ready Buyers May Benefit from Down Payment Help Homeownership Program Index analyzes 7 markets with the greatest potential impact of down payment assistance Atlanta, GA, February 12, 2019 — The Down Payment Resource Third and Fourth Quarter 2018 Homeownership Program Index (HPI) reports the number of total programs decreased to 2,524, down just three programs from the […]
Down payment help sounds great, but how does it actually work? What process should you follow? While down payment programs vary greatly by state and community, there are some universal steps that will help you stay on track if a homeownership program is part of your home financing plan. Let’s look at how it worked […]
We’ve all heard it before — financial literacy and education is key to helping us become more prepared homebuyers. But, the internet is a big place. So, where do you begin? What experts should you follow? We pulled together a short list of resources recently highlighted at an Urban Institute seminar about Barriers to Accessing […]
O’Callaghan honored for his positive impact on affordable housing in Atlanta Atlanta, GA, January 15, 2019 — Down Payment Resource (DPR) is proud to announce John O’Callaghan, President and CEO of the Atlanta Neighborhood Development Partnership, Inc. (ANDP) as the first recipient of the Beverly Faull Affordable Housing Leadership Award. The award, named in memory […]
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