2 Myths Holding Back Home Buyers

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2 Myths Holding Back Home Buyers! By The KCM Crew Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their

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2 Myths Holding Back Home Buyers. Jun 10, 2019 "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 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.

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,

What Is Holding You Back From Buying a Home?  Peter Murray Debunks the Myths We're willing to bet you've seen at least one episode of "Flip or Flop" or any number. Below, we shed light on the myths about home flipping that buyers should never let cloud their judgment.. Myth 2: A house flip can be done quickly. This can mean longer holding costs," says James Judge, an agent at.

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2 Myths Holding Back Home Buyers. Posted on. Myth #1: “I Need a 20% Down Payment”Buyers often overestimate the funds needed to qualify for a home loan.

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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. Even better, Veterans and buyers of certain rural homes can.