Sentences with phrase «younger homebuyers do»
Younger homebuyers don't want to max out on their mortgage payments, according to a recent TD survey.
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One of the greatest benefits to young families and first - time homebuyers is that the VA Loan doesn't require a down payment.
Homebuyers don't want to deal with the maintenance cost of a pool (which can cost as much as $ 2,000 a year), the added insurance premiums, and — if they have young kids — the safety issues.
FHA - backed mortgages — a favorite among younger homebuyers who don't have much money saved up for a down payment, and who are willing to pay additional mortgage insurance premiums — are in most cases off limits for borrowers with DTIs exceeding 43 percent.
It may have something to do with the higher home prices, younger average age, or perhaps the family - reliant nature of some immigrant culture, 21 % of urban homebuyers say they plan to seek financial help from family for their down payment.
«But these factors may also contribute to a sense of urgency amongst young first - time homebuyers who feel they don't have the requisite finances and may have to scramble to cobble together a down payment.
«Most young homebuyers grew up watching their parents spend weekends with their honey - do lists, or they had chores to do on the weekends,» he says.