What Are the Myths When Buying a Home?
There are many myths that are believed as facts when buying a home. As a Realtor, I hear them from you all the time. Often, these myths may have been facts at one time, but if you believe this you may never move forward in your pursuit of the American dream to own your own home. Myth number one and proably the most commonly spread myth is the one about needing a 20% down payment. There are many loan options now that require a much lower minimum down payment. You may or may not need to have private mortgage insurance with a lower down payment. It is important to get the facts and learn what your options are. The best way to do this is to meet with a great loan authority and get started. Myth number two would be finding the home you want first. While looking homes can be educational about what is on the market, it can have you getting the proverbial cart before the horse in the process of home ownership. Processes are so important. When it come to successfully purchasin...