2 Myths Holding Back Home Buyers

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,

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.

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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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.".

Hold. 2. It’s not all about money, but a lot of it is. Expenses associated with your new abode go beyond the down payment.

Myth 2. the home) comes with little added investment risk. "Everyone wants to brag and find that next Apple," D’Arruda said. "I’m amazed at how much risk people are taking. They’re climbing the.

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.

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