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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.
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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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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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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.
Know What to Expect at Your Home Inspection. Now, your next task is to have the home inspected prior to closing.. 2 Myths Holding Back Home Buyers.