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Survey Says Many Couples Split Down Payments
August 03, 2016
In this day and age, couples aren’t afraid to split up… their down payments for a new house.
NerdWallet conducted an online survey of more than 2,000 U.S. adults. The site found that 41 percent of Americans that bought homes with a partner said that each person contributed equal amounts of money toward a down payment.
The survey identified a bunch of other trends as well. Among individuals who set money aside, homeowners saved an average of $1,078 monthly for their down payments, and it took homeowners three years to save for a down payment.
Nearly three-quarters of respondents said they have fears about buying a house. One of the biggest dreads was long-term commitment to a partner, particularly among Millennial males.
NerdWallet also offers tips for obtaining an affordable mortgage, including ways to clean up credit scores, and how to find the right lender and house.
More like this
- 20 Percent Down Payments Are A Thing Of The Past
- Fannie Mae Issues New Lending Guidelines To Help Homebuyers In Student Loan Debt
- Different Reasons in Different Regions Are Keeping Millennials Out of the Housing Market
- Most Buyers Make Down-Payments Of Less Than 20 Percent
- Homebuyers Have Several Low Down Payment Mortgage Options
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