Employment troubles, large student loan debt, and tight underwriting standards have been major hurdles holding back potential first-time home buyers. Studies have shown a strong desire among 20- and 30-somethings to buy a home, but their finances are holding them back from making such a move. As such, more relatives are stepping in to provide assistance with down payment and closing costs. Twenty-seven percent of first-time buyers received a money gift from relatives last year. See what Loans that Allow Gift Funds.
Thursday, February 20, 2014
Families Step in as Lenders
Families Step in as Lenders Helping Kids Buy a Home:
Employment troubles, large student loan debt, and tight underwriting standards have been major hurdles holding back potential first-time home buyers. Studies have shown a strong desire among 20- and 30-somethings to buy a home, but their finances are holding them back from making such a move. As such, more relatives are stepping in to provide assistance with down payment and closing costs. Twenty-seven percent of first-time buyers received a money gift from relatives last year. See what Loans that Allow Gift Funds.
Employment troubles, large student loan debt, and tight underwriting standards have been major hurdles holding back potential first-time home buyers. Studies have shown a strong desire among 20- and 30-somethings to buy a home, but their finances are holding them back from making such a move. As such, more relatives are stepping in to provide assistance with down payment and closing costs. Twenty-seven percent of first-time buyers received a money gift from relatives last year. See what Loans that Allow Gift Funds.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment