2 Myths Holding Back Home Buyers

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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.

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Down payments and FICO scores should not be holding you back from owning a home. You may be closer to owning your dream home than you think. Down payments and FICO scores should not be holding you back from owning a home.. 2 Myths Holding Back Home Buyers. Posted by GoGSF | July 19, 2017.

Your friends and family aren’t trying to steer you wrong when they give you selling advice, but they may be perpetuating myths about. You’ll need to hold open houses on weekends and be available to.

Myth #2: It's difficult to qualify for homebuyer programs.. homebuyer education, especially for first-time homebuyers, to ensure the. programs hold you back.

With that said, here are 4 common myths holding new home buyers back BUSTED!. 2. You Need Perfect Credit. 2008 basically blew this myth out of the water,

“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the.

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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.

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,