The old standard of putting 20% down to buy a home has become out of reach for many potential home buyers, especially those who are buying for the first time.
People in the market to buy a home have been struggling with higher interest rates, which often equals higher monthly payments.
That essentially means people are buying less of a home for the same money.
Inflation has also influenced their ability to save for a down payment.
In the video at the top of this webpage, anchor Evan Donovan looks into some mortgage solutions that can help home buyers.
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