2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers – Lindenhurst, NY – Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home

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.

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.

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,

2 Myths Holding Back Home Buyers. Presented as a public service by Joe Peters of Coldwell Banker. 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.

Financial expert Mark Lamkin from Lamkin Wealth Management explains some urban myths people hold on to about finances. educating yourself and your children, buying a home and saving for retirement.

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2 Myths Holding Back Home Buyers In Realtor.com’s recent article, "Home Buyers’ Top Mortgage Fears: Which One Scares You?" they mention that "46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try."

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Programs such as first time home buyer, USDA and VA. you or let you know to come back after a certain period of time. Myth: My bank is loaning me their money when I take out a mortgage. In most.

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