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2 Myths Holding Back Home Buyers. June 17, 2019; 1 comment ; Calvin Wright;. "For some, First Time home buyers, putting something aside for an initial down-payment is the biggest obstruction to accomplishing the objective of home ownership. A portion of those who wanted to buy a home were.
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2 Myths Holding Back home buyers. monday november 5th, 2018 Tuesday December 11th, 2018 simplify Buying Myths, 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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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. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership.
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The pending home sale index – a forward-looking indicator that tracks signed contracts for home purchases – dropped sharply.
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,
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.
2 Myths Holding Back Home Buyers. Monday June 10th, 2019 Friday July 26th, 2019 simplify buying myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers.. Myth #2: "I Need a 780 FICO Score or Higher to Buy".