Buying and Owning a Home - Third Way
February 2010 Buying and Owning a Home 3- The Economic Program www.ThirdWay.org dropped dramatically. In 1989, the average down payment for first-time home-buyers was 10%, but in 2007, it was only 2%.14 The financial crisis has led to a tightening of lending standards—much of it necessary, some of it not so. ................
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