Down Payments: Bigger Isn’t Always Better
Will Springer Realtor
AUGUST 29, 2023
The reality is repeat buyers make a down payment of about 17% while first-timers put down about 6%-7% – figures that have been generally consistent for the last five years in the U.S. This knowledge is critical to have when saving for a home and estimating when buyers may reach their down payment goal. Let’s bust that myth right now!
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