2 Myths Holding Back Home Buyers

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2 Myths Holding Back Home Buyers June 10, 2019 / in Buying Myths, Down Payments, First time home buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, News / by BryanSchmidtMortgage

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.

2 Myths Holding Back Home Buyers – Lindenhurst, NY – Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home

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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.

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 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 June 10, 2019 by Tara Paras Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."