Atlanta-based Down Payment Resource, the nationwide database for homebuyer programs, today released its
First and Second Quarter 2019 Homeownership Program Index (HPI).
Down Payment Resource (DPR) communicates with 1,248 program administrators to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates, affordable first mortgages and more.
On September 17th, 2018, the Bureau convened its first fair lending Symposium,
Building a Bridge to Credit Visibility, to address the issue of access to credit. The Bureau is releasing a report that provides an overview of the Building a Bridge to Credit Visibility Symposium's content, as well as key themes from the many industry, consumer and civil rights, academic, and regulatory agency experts that served as speakers, panelists, and participants.
A bigger down payment usually means more equity in the house right from the get-go, along with a smaller monthly mortgage payment. But, while saving up for a large down payment is an admirable goal, there are many considerations to weigh when deciding how much is enough and when to buy.
Of course, most people don't take such an extreme approach to saving. But depending on how much you already have saved, waiting even just a few more years to buy can have financial implications beyond lost equity opportunities.
