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first-time
[furst-tahym]
adjective
used, appearing, contending, etc., for the first time.
a first-time candidate.
Example Sentences
And that is likely to bring better news for the cost of borrowing, in particular mortgage rates for homeowners and first-time buyers.
Average rates for those only able to put down a deposit of 5% or 10% - often first-time buyers - are now looking lower than they have been at any time in the last two or three years.
When Mr. Biden entered the Oval Office in 2021, the median age of first-time home buyers was 33.
Two-thirds used mortgages backed by the Federal Housing Administration and the Department of Veterans Affairs, which are typically used by first-time buyers and military servicemembers and veterans, Walden said.
Ignoring the difficulty of applying the change retroactively, first-time buyers vying for a home with an assumable mortgage would have to come up with a way to cover the difference between the house’s market price and its current mortgage, Evercore analyst Stephen Kim noted in a Monday report.
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