There are a lot of different concerns facing a first-time buyer. A survey released by the National Association of Realtors® found that Americans overwhelmingly believe that high monthly payments are the greatest obstacle to buying a home. Homebuyers fear high monthly payments more than high down-payments by a margin of 2-1.
The fourth annual National Housing Opportunity Pulse survey says that one out of three Americans worries about their monthly mortgage payments. The survey also lists the leading concerns associated with owning a home. Rising property taxes tops the list at 34% followed closely by increasing electrical, fuel and other energy costs at 28%, while 14% worry about rising interest rates.
What many first-time buyers do to answer some o View the rest of this article
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