2 Myths Holding Back Home Buyers

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Myth #1: "I Need a 20% Down Payment" Buyers often. While many believe that they need at least 20% down to buy their dream home, they do not realize that programs are available that allow them to put down as little as 3%. Many renters may actually be able to enter the housing market sooner than.

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So you put off applying, or you close the door on ever buying a home. Many Americans say they want to be homeowners, according to Wells Fargo’s “How America Views Homeownership” survey. But many.

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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.

CHICAGO, Aug. 29 (Xinhua) — Pending home sales index in July declined 2.5 percent. mortgage rates have not yet consistently pulled buyers back into the market. Economic uncertainty is no doubt.

In Realtor.com’s recent article, "Home Buyers’ Top Mortgage Fears: Which One Scares You?" they mention that "46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try."

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2 Myths Holding Back Home Buyers. Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."

In Realtor.com’s recent article, "Home Buyers’ Top Mortgage Fears: Which One Scares You?" they mention that "46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try." Buyers overestimate the down payment funds needed to qualify for a home loan.

Myth No. 2 Hong Kong is a free-market. accused of a range of bad behavior, from buying out store shelves to acting rudely to packing subways and buses, often with oversize suitcases (full of.

The National Association of Realtors said Thursday that its pending home sales index fell 2.5%. pulled buyers back into.

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