For many Americans it will be easier now to buy a new house.
Some sellers have reduced the amount of the first installment to 3%. After the 2008 crisis and the recession that followed, the first installment averaged 20%. Estate agents are trying to attract the attention of buyers with good incomes and stable jobs but who, for one reason or another, do not have funds for a major first payment.
But it is worth mentioning that such terms are offered to wealthy people with a first installment of a few tens of thousands of dollars.
The financial crisis was triggered by problems with non-payment of loans taken for purchase of real estate.
