2 Myths Holding Back Home Buyers

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.

But buying a home for the first time can be a confusing process. This is especially true if you believe certain myths about searching for and making. (See also: 5 Things Your Real Estate Agent.

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. 0. Posted by Monica Foster On June 10, 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.

Myths regarding why housing is so expensive. to keep prices down to where those impacted have acceptable options. The mortgage market is holding back home buyers. Mortgages are harder to obtain.

2 Myths Holding Back Homebuyers / 2 Myths Holding Back Home Buyers June 10, 2019 by Larry Lawfer Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."

Because of that, here are two major myths the tend to be holding back homebuyers. #1. You need a 20% down payment. Unless you are a repeat buyer and have a huge chunk of equity to put down on another home, most first-time homebuyers don’t have the 20%. We are often unaware of the option to take out low down payment mortgages.

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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“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the.

2 Myths Holding Back Home buyers. monday june 10th, 2019 Wednesday June 26th, 2019 simplify Buying Myths, Down Payments, Featured, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers.. Myth #2: "I Need a 780 FICO Score or Higher to Buy".