Debunking Mortgage Myths in the Modern Market |
Abstract
In the past year alone, the number of active home listings has jumped by 19%. This not only gives home buyers more options, but also drives down buyer competition – which will eventually force sellers to lower their listing price. Oftentimes, higher credit scores can help you get a better mortgage rate. The average down payment for most home buyers is 12%. For first-time home buyers, theaverage down payment is 7%. The average Down payment is 10 percent. For first time, the average down payments is 7.5 percent.
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