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The Discussion Over Low Down Payment Mortgages

 

Despite recent gains in many segments of the U.S. real estate market, prospective first-time homebuyers have continued to remain cautious and delay purchasing homes of their own.  Student debt, stagnant wages, and uncertainty about the economy are oft-cited contributing factors to the slow pace of growth in this vital piece of the larger economic puzzle. Last week the government, in a move hoping to prod these first-time buyers to action, outlined a plan to allow banks to offer mortgage poducts with down payments as low as 3%. Ron Lieber of the New York Times, in his 12/13/14 column, catches up with two couples who recently became homeowners using low down payment mortgages. 

Would a low down payment mortgage product help to get you off the fence?

Read the whole article here

As always, the LipVT team is here to answer any questions you have about real estate.

 

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