Date: July 11th, 2005

Saving precedes borrowing

11 July, 2005 (09:30) | Theory, Uncategorized |

By far the most common barrier to first-time homeowner is the down payment, so it will come as no surprise that many government programs offer low down payments or down payment assistance — to say nothing of the friends, relatives, and above all parents who offer up gifts (or their close counterpart, the informally-soft loan, [...]