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Marriage – Mortgage | Which Comes First? | Luxury Valley Homes

Marriage - Mortgage - According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 16% of all first-time buyers last year.

If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s.

Here is the breakdown of all first-time homebuyers in 2017 by percentage of all buyers, income, and age: 

Marriage - Mortgage

Marriage - Mortgage

Bottom Line

You may not be that much different than those who have already purchased their first homes. Let’s get together to determine if your dream home is already within your grasp!
 
 
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. RJ Daley & Daley PLLC, d.b.a., Luxury Valley Homes does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Luxury Valley Homes. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
 
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Jeff DaleyMortgage Interest Rates 2018
- The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart [...]
Comment balloon 0 commentsJane & Jeff Daley, PhD • February 14 2018 11:01PM
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