2 Myths Holding Back Home Buyers

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“Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited.

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But there are also many myths and misconceptions surrounding the process that can hold potential home buyers back from exploring their options. mortgages with a down payment as little as zero. 2.

Myth #2: Your family will suffer Yes. and what assumptions and biases you hold and how you can overcome them. You will not.

“Many of the same costs come into play when refinancing a home as when receiving an original mortgage, including appraisal,

Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,

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2 Myths Holding Back Home Buyers. Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their research revealed that, "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership.

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2 Myths Holding Back Home Buyers Posted on 06/10/2019 by Arisdeyson Matos in Brevard county florida real estate , Century 21 , Real Estate Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."

For many prospective home buyers, saving for a large down payment is the biggest barrier to achieve the goal of home ownership. Part of the.

2 Myths Holding Back Home Buyers. Monday November 5th, 2018 Tuesday December 11th, 2018 simplify Buying Myths, Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach.

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