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 made by these prospective homeowners. Find out more here.
Source: Inman News
Are low down payment loans really riskier?
Published in Columns, Dana Farrell, down payment, downpayment, Industry News, JP Morgan Chase Institute, Markets & Economy, millennials, Mortgage, mortgages, residential finance, Residential Finance Month, Select, Steve cook, theme-month-202002 and Urban Institute
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