2 Myths Holding Back Home Buyers

The National Association of Realtors said Thursday that its pending home sales index fell 2.5%. pulled buyers back into.

In Realtor.com's recent article, “home buyers' top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won't.

Myths often form the basis for fear and holds people back from taking on new opportunities. Taking this route means you’ll have to prepare the home, set the price, market the property, negotiate.

But for everything we believe we know about the industry, there are a number of myths that circulate about how real estate actually works. Buying into those can hurt your chances of buying or selling.

 · 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,

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:.

2 Myths Holding Back Home Buyers “2017 was the best year for home sales in. sellers and not enough buyers. Fortunately, that does not appear to be the case, as indicated by months’ supply of inventory at below five months.”

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2 Major Myths Holding Back Home Buyers For many prospective home buyers, saving for a large down payment is the biggest barrier to achieve the goal of home ownership. Part of the.

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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,

Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream.

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