Parental financial assistance enables downpayment management

Does The Bank of Mom and Dad Help Homeownership?  Apr 29 2016, 9:50AM by: Jann Swanson Does a financial boost from mom and dad make it more likely a young person will buy a home?  It depends.  And that might change.Homeownership rates across all demographic groups have fallen since the beginning of the Great Recession but the rate among 25 to 34 year olds has been especially hard hit, dropping 10 points from the nation's peak in 2006 to 37 percent in 2014.  Fannie Mae's National Housing Survey has found the upfront expenses of buying a home to be the large...

May 2nd, 2016 | First-Time Homebuyers!, Parental financial assistance enables downpayment management

Who Are The First-Time Homebuyers?

You are right at home with 1 STOP Mortgage on your First Home Loan!  Apply Online at www.1StopHomeLoans.com or give us a call today, (901) 388-1588.We're here for you!Check out NAR's chart of First-Time home sales nationwide. The First-TimeHomebuyers' profiles below may surprise you!    

March 27th, 2015 | First-Time Homebuyers!, Who Are The First-Time Homebuyers?

First-Time Homebuyers Return!

First-Time Young Homebuyers Return!BLOOMBERG NEWS - By Kathleen M. Howley - Jan 5, 2015 After Damien and Tina Bucci were approved for a mortgage in 2012, they decided they couldn’t afford the biggest purchase of their lives without greater confidence in the U.S. economy. Next month, they will close on their first home -- a four-bedroom Colonial with a half-acre yard.“We could have made it work two years ago but it would have stretched our budget too thin,” said Damien Bucci, 30, from the kitchen of his two-bedroom apartment in a 238-unit development in Fairless Hills, Pe...

January 5th, 2015 | First-Time Homebuyers!, First-Time Homebuyers Return!


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