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Brett's Mortgage Blog

How To Buy A House With No Down Payment…

According the NAR 2023 Profile of Homebuyers and Sellers, the median length of time buyers waited to buy a home while saving for the down payment was four years!

The buyers were asked what expenses made saving for a down payment difficult:

52% reported high rent or a current mortgage payment

 

42% said student loans

 

36% cited a car payment

 

31% cited credit card debt

It’s hard to save money in the current economy. But a family that can responsibly manage their cashflow is far better off owning versus renting.

Fortunately, you don’t need to wait four years to save for a down payment if you want to buy a house today – we have multiple no down payment options for buyers.

Contact our offices and see what we can do for you.

That’s it for today.

Thanks for reading.

Brett

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Brett Sampson

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