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 “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge.
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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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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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One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a [.] 2 Myths Holding Back home buyers freddie mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.”
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