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2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers. Presented as a public service by Joe Peters of Coldwell Banker. 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 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.

Scottsdale New Construction | 2 Myths Holding Back Home Buyers Lower for longer means more monthly buying power for homeowners. Rates for home loans slid as investors snatched. they also note that “misperceptions about mortgage qualifications may be holding.

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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. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save [.]

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 – 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.

My favorite topic to write and speak about these days is millennial buyers. Myth 3: Millennials will make and save less money than their parents Politicians and social commentators like to throw.

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2 Myths Holding Back Home Buyers. Monday June 10th, 2019 Friday July 26th, 2019 simplify Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers.. Myth #2: "I Need a 780 FICO Score or Higher to Buy".

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