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The median first-time buyer age also increased to 38 years old this year from 35 last year, while the typical repeat buyer age also increased to 61 years from 58 last year.
Most first-time homebuyers get a 30-year, fixed-rate mortgage. Step 3: Get quotes from at least three mortgage lenders Comparing mortgage loan offers is one of the essential steps to buying a house.
ConsumerAffairs looks at how the current housing market is affecting first-time homebuyers. First-time homebuyers in today's market are older and wealthier, but often need help from family and ...
However, that's not necessarily the case, especially if you are a first-time homebuyer. There are FHA loans, which allow you to put down as little as 3.5% if you meet certain financial requirements.
Here's how. Data from the National Association of Realtors shows the median age of first-time homebuyers has reached a record 38 years old after 20 years of floating between 29 and 33. The overall ...
First-time home buyers: You are the luckiest first-time buyers in five years. This is the only time in a long time that you can negotiate with the seller. For example, a 2-1 buy down is when the ...
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