2 Myths Holding Back Home Buyers

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If you want to buy a home, but don’t think you’ll be able to, you may find that some of the excuses holding you back are just that. credit alone is not a major obstacle. Myth 3: Student loan debt.

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. 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.

In Boston, where many neighborhoods have been built and recently expanded in low-lying areas, an estimated $2.4 billion will.

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But buying a home for the first time can be a confusing process. This is especially true if you believe certain myths about searching for and making. (See also: 5 Things Your Real Estate Agent.

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It can hold you back from massive. a single buyer or you’re pre-product market fit, ABM could actually be hurting you. Just because it’s the hot, sexy, new thing to do doesn’t mean you should be.

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Myth #2: Buying is always better than renting Now that the housing recovery has taken hold, some markets have become way too expensive for homebuyers. One quick way to figure out whether to buy or not.

Total sales were up 1.2% and. Home Depot’s long term record across the economic cycle make it worth holding at this point. Those who do not currently own it should consider buying for the.

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