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In 2022, the median down payment for first-time home buyers was about 13%. This represents an increase from 2021 when the down payment for first-time home buyers was around 7%, while for repeat buyers it was about 17%.
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Securing the funds for a down payment can be one of the biggest challenges when purchasing a home. The down payment is an initial contribution from the buyer and constitutes a portion of the total cost. A sizable down...
When buying a house, the down payment is an essential factor to consider. A down payment requires paying an initial sum upfront to receive a mortgage loan. The larger your deposit, the lower your monthly repayments will b...
Saving for a down payment can be a daunting task, especially for first-time homebuyers. It's no secret that this initial payment can be a significant barrier to homeownership, and with the current state of th...
