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.
But for everything we believe we know about the industry, there are a number of myths that circulate about how real estate actually works. Buying into those can hurt your chances of buying or selling.
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.
Down payments and FICO scores should not be holding you back from owning a home. You may be closer to owning your dream home than you think. Down payments and FICO scores should not be holding you back from owning a home.. 2 Myths Holding Back home buyers. posted by GoGSF | July 19, 2017.
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They hold buyer. a home in the past three years. Barker explains how this approach has created a competitive advantage for his company: “Most agents won’t put the time in to educate the consumer,
2 Myths Holding Back home buyers june 10, 2019.. 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. There are a couple of reasons home buyers are waiting to buy a home. 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.
· 2 Major Myths Holding Back Home Buyers Leave a reply 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.”