Tag Archives: down payment

What is iFunding? Here’s how it works

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This emerging consumer financing category is addressing the financial realities of today’s prospective homebuyers. Continue reading →

Down payment assistance tool offers buyer leads to loan officers

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Subscribers can use an eligibility lookup feature to match clients with programs and compare up to four programs at once. Continue reading →

The Homebuyer Files: 6 owners on the highs and lows of buying a home

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Buyers share the ups and downs of financing the homes of their dreams — from navigating tax drama and securing two loans at once to relying on iBuyers to beat the competition. Continue reading →

When’s the deposit due? How to help buyers through finance questions

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Not having solid advice about home deposits could cause mistakes and financial pain for buyers. You have a significant responsibility to educate clients on all aspects of finance, including pre-approval, earnest money and down payments. Continue reading →

Are low down payment loans really riskier?

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Higher down payments, coupled with poor savings habits, are making it very hard for millions of first-time buyers to save enough to buy a home. But new research shows that lenders and others might want to rethink the parameters around down payments mad… Continue reading →

Realtor.com launches 3 new affordability tools for buyers

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The tools, available on iOS, Android, and desktop, provide buyers with a detailed estimate of what it will financially take to own a home. Continue reading →

Helping buyers find a home for the fam? Share these 7 tips

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If you’re working with a buyer who’s in the market for a new house — whether it’s a starter home or their forever home — and has long-term plans to start a family, there are a few recommendations you should make to ensure that they make a smart decisio… Continue reading →

‘Millennials should not buy homes’ and other lies consumers fall for

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There’s a lot of misinformation about down payments and loans that is spread to and believed by consumers. Here’s how we can help change the false narratives at an agent level. Continue reading →

Millennials are influencing their parents’ homebuying decisions

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Millennials are a driving force in the housing market, whether buying homes themselves or influencing their parents’ decisions, according to a NAR survey. Continue reading →

Gen Z should start saving now to afford a home by 2031

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The average Gen-Zer will need to save $304 per month for the next 12 years to afford a 10 percent down payment and closing costs for a median-priced home ($386,310) by the time they’re 30. Continue reading →