2 Myths Holding Back Home Buyers – There are a couple of myths floating around about home buyers. Have you been wondering what might be holding buyers back from buying your home? Many individuals think they need to put 20 percent down to buy a home. Others think they have to have a perfect FICO score.
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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.
2 Myths Holding Back Home Buyers. By Susan Rupert.. 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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Island Home Loans News; Here’s 2 Myths That Are Still 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.
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 june 10th, 2019 | Buying Myths , Down Payments , First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers | Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."
If you want to buy a home, but don’t think you’ll be able to, you may find that some of the excuses holding you back are just that. credit alone is not a major obstacle. Myth 3: Student loan debt.
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