Homeownership Most Often Delayed By Downpayment Confusion

According to a survey by by Genworth Mortgage Insurance, misperceptions about downpayments are deterring what would be homeowners from purchasing their first home. They found that a majority of borrowers still believe that it is a requirement for purchasing a home. Even the many prospective borrowers who know that a 20 percent downpayment is not mandatory still think it would be difficult to … Continue reading Homeownership Most Often Delayed By Downpayment Confusion