2 Myths Holding Back Home Buyers

Urban Institute recently released a report entitled, "Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability," which revealed that, "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 saving for a down payment as an obstacle to homeownership.

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.

To debunk this myth, let’s take a look at Ellie Mae’s latest origination insight report, which focuses on recently closed (approved) loans.As indicated in the chart above, 52.4% of approved mortgages had a credit score of 600-749.. Bottomx Line. Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier.

With so much riding on those three little numbers, hopeful buyers often put their purchase plans on hold out of fear their.

Germantown MD | 2 Myths Holding Back Home Buyers 2 Myths Holding Back Home Buyers.. 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. Post a Comment.

Island Home Loans News; Here’s 2 Myths That Are Still 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.

“There are many mortgage-ready renters today, but they don’t know it. Often, homebuyers remain sidelined for years due to the down payment.” Many believe they need at least 20% down to buy their dream.

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2 Myths Holding Back Home Buyers. Myth #2: "I Need a 780 FICO Score or Higher to Buy". 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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2 Myths Holding Back Home Buyers! By The KCM Crew Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their

2 Myths Holding Back Home Buyers. Jun 10, 2019 "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership.".

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