2 Myths Holding Back Home Buyers – Jessica Couch

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One myth is many believe that they need at least 20% down to buy their dream home, but their are programs available that allow them to put down as little as 3%.. 2 Major Myths Holding Back Home Buyers.. Buyers often overestimate the down payment funds needed to qualify for a home loan.

2 Major Myths Holding Back Home Buyers . 2 Major Myths Holding Back Home Buyers. Monday, February 12, 2018. by Melissa Dierks. Tweet. Urban Institute recently released a report entitled,

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2 Major Myths Holding Back Home Buyers Urban Institute recently released a report entitled, " Barriers to Accessing Homeownership, " which revealed that " eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent."

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If you’ve been thinking about buying your first home, you may have a few questions and a few misconceptions about how the process works. Take a look at the following eight home-buying myths we’ve debunked: 1. Myth: A 30-year mortgage is always the best option.

2 Myths That May Be Holding Back Buyers – #Fannie Mae’s article, "What Consumers (Don’t) Know About Mortgage Qualification Criteria," revealed that "only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report: "Consumers are often unaware of the option to take out low-down-payment mortgages. Only 19% of consumers believe lenders would make loans with a down payment of 5% or less.

5 Things First-Time Home Buyers Must Know Pre-qualification for your mortgage is a must. Most professional agents won’t even show you a property unless they know. first-time home buying harmony is as simple as following these few tips,

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