Consumers don't seem too excited about acting under the latest mortgage rules, according to recently released ClosingCorp findings from a new national consumer survey
of repeat homebuyers that provides insight into how the new TRID rule is impacting the customer experience.
According to John Loos of FNB, they have seen the Western Cape having a strong «net inward migration»
of repeat homebuyers and renters — something the other eight provinces don't have.
Not exact matches
In our first house together, I had made a lot
of uneducated first - time
homebuyer mistakes that I didn't want to
repeat.
When asked what surprised them where closing costs were concerned, 17 %
of homebuyers said they were surprised the costs were even required, ClosingCorp found after surveying 1,000 first - time and
repeat homebuyers.
The rise in rates is not stifling demand overall, though, according to realtor.com's report — in fact,
repeat homebuyer activity has continued, as buyers, uncertain about the future, take advantage
of still - low rates.
Audience According to the 2016 NAR Profile
of Home Buyers and Sellers, the average
homebuyer is between the ages
of 32 (first - time buyer) and 52 years old (
repeat buyer).
Depending on the type
of homebuyer (first - time or
repeat),
homebuyers in metro areas with high priced homes may seek a lower priced home or stay longer in their existing home if they already own a house.
Though they're available to
repeat homebuyers, FHA loans are often referred to as the «first - time
homebuyer loan» because
of their low down payment requirement.
Unveiled in 2015, the program offers ala carte options for first - time and
repeat homebuyers to gain home financing with as little as $ 1,000 out
of pocket.
First - time
homebuyers are typically more time - consuming than
repeat buyers, so you'll want to find an agent who is available to meet your home search needs and answer all
of your questions along the way.
«With a strong surge in Hispanic homeownership, it was an outstanding year for new
homebuyers and the real estate professionals who served them,» said Joseph Nery, NAHREP President, «It is exciting to see a distinguished list
of new and
repeat agents who are helping to build wealth and improve the quality
of life for
homebuyers in communities across the country» concluded Nery.
While the pace
of existing home sales remains 4.3 percent below the July 2013 rate, the steady improvement for resales is positive news for the new home market because prospective
repeat homebuyers must sell their existing home before buying a newly built residence.
«Yet, the average age
of a first - time
homebuyer is 33, which means there are many years ahead in which your current
homebuyers can fill your pipeline with
repeat and referral business.
@HomeIllinois is a 30 - year fixed rate mortgage that allows first - time and
repeat homebuyers to purchase a home with as little as $ 1,000 out
of pocket.