Many barriers: The low-income group do not have access to information on how to buy a low-cost house and perhaps have no idea about how to become homeowners.
BUYING a home is typically the largest and most complicated financial commitment most people will ever make”. This is the phrase used whenever there is talk of homeownership and it applies to low-income households, too.
First-time buyers face many barriers, one of them being the burden of monthly payments, having enough savings to sustain the responsibilities of owning a house, and income stability to qualify for housing loans.
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