2 Myths Holding Back Home Buyers

2 MYTHS THAT MAY BE HOLDING YOU BACK FROM BUYING. BUYING A HOME Stockton Ca 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 – 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.

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2 Myths Holding Back Home Buyers by The KCM Crew on June 10, 2019 in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers. Are you a Bridge Builder? If so, log in to share a personalized version of this post.

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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.

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2 Myths Holding Back Home Buyers In Realtor.com’s recent article, "Home buyers’ top mortgage Fears: Which One Scares You?" they mention that "46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try."

CEO of iintoo with 20 years of experience in real estate investing – overseeing 250+ investments and managing nearly $2.5B worth of assets. requires education and dispelling some myths that are.

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.

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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