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69% of Buyers are Wrong About Down Payment Needs

June 7, 2017 11:42 am

69% of Buyers are Wrong About Down Payment Needs | Keeping Current Matters According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market.