2 Myths Holding Back Home Buyers by The KCM Crew on June 26, 2017 in Buying Myths, Down Payments, First time home buyers, For Buyers, Move-Up Buyers. Are you a Bridge Builder? If so, log in to share a personalized version of this post.
2 Myths Holding Back Home Buyers – blog post by Christina Thurlow’s Real Estate Tips. Comment and join the discussion.
2 Myths Holding Back Home Buyers.. 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,
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The organization said the trend likely reflects economic uncertainty as well as continuing affordability challenges for buyers. The Pending Home Sales Index for the month fell 2.5 percent from. is.
Buyers overestimate the down payment funds needed to qualify for a home loan. According to the First quarter 2017 homeownership program Index (HPI) from Down Payment Resource, saving for a down payment was the barrier that kept 70% of renters from buying. Rob Chrane, CEO of Down Payment Resource had.
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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.
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2 Myths Holding Back Home Buyers Melissa Field June 13, 2019 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.
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