2 myths holding Back Home Buyers. By Patrick. June 10, 2019. Buyer, housing market updates. 0 Comments. 0. Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,
One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a [.] 2 Myths Holding Back Home Buyers Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.”
2 Myths Holding Back Home Buyers. Monday June 10th, 2019 Wednesday June 26th, 2019 simplify Buying Myths, Down Payments, Featured, 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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There are some myths being told that are 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,
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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 for the down.
But there are also many myths and misconceptions surrounding the process that can hold potential home buyers back from exploring their options. mortgages with a down payment as little as zero. 2..
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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.