8/24/2018 · First-time home buyers face more hurdles than repeat buyers. A first-time home buyer may have less savings. He or she might have a collection of student loans and other large debts.
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A first-time homebuyer is defined as a buyer who has not bought a home over the past three years. In that sense, bounce-back buyers, those who had a short sale or foreclosure, are also entering the marketplace.
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