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69% of Buyers are Wrong About Down Payment Needs




69% of Buyers are Wrong About Down Payment Needs | Keeping Current Matters

According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market.

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Your Tax Return: Bring it Home




Your Tax Return: Bring it Home | Keeping Current Matters

This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?”

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How Fast Can You Save for a Down Payment?




How Fast Can You Save for a Down Payment? | Keeping Current Matters

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state?

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Slaying Home Buying Myths [INFOGRAPHIC]




Slaying Home Buying Myths [INFOGRAPHIC] | Keeping Current Matters

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Home Mortgages: Rates Up, Requirements Easing




Home Mortgages: Rates Up, Requirements Easing | Keeping Current Matters

The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen.

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