This homebuying season is expected to be extremely competitive, especially for first-time buyers who face the challenge of saving for a down payment. According to a 2024 Bankrate survey, nearly one-third of aspiring homeowners (30%) say it will take at least five years or longer to save enough money for a home, while 10% say it […]

Navigating the intricacies of private mortgage insurance (MI) can be a daunting task for borrowers, but the benefits can really add up! They include: ·        Increased buying power: Because MI makes it possible to buy a home with less than 20% down, homebuyers can reach savings goals faster and become homeowners sooner than otherwise possible. ·        Expanded cash […]

More than one-third (36%) of Gen Zers and millennials who plan to buy a home soon expect to receive a cash gift from family to help fund their down payment. That’s according to a Redfin-commissioned survey conducted by Qualtrics in February 2024. The nationally representative survey was fielded to 3,000 U.S. homeowners and renters.  Young homebuyers […]