2 Myths Holding Back Home Buyers

Posted by Lawrence R Gilman at Jun. 10, 2019 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.

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.

2 Myths Holding Back Home Buyers. Posted by James Brooks on Monday, June 10, 2019 at 3:28 PM By James Brooks / June 10, 2019 comment. freddie mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,

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.

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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. Myth #2: “I Need a 780 FICO® Score or Higher to Buy” Many either don’t know or are misinformed concerning the FICO® score necessary to qualify, believing a good’ credit score is 780 or higher.

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2 Myths Holding Back Home Buyers.. 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. Post a Comment.

2 Myths Holding Back Home Buyers – Terry Sack – · 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.