2 Myths Holding Back Home Buyers

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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.

2 Myths Holding Back Home Buyers. By Tara Paras | June 10, 2019.. 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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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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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.

2 Myths Holding Back Home Buyers – blog post by Christina Thurlow’s Real Estate Tips. Comment and join the discussion.

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..

by Keeping Current MattersFreddie 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. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save.

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“These could easily be avoided with proper education and dispelling the myths around unproven approaches. Also, make sure to check expiration dates and avoid buying perishables too close to.

Are you considering buying a home? These experts bust the most common mortgage myths that are holding buyers back. Myth 1: You need 20% down to. the average down payment in the U.S. is 11%.” -.