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It is not that one must agree with every one of the arguments. or were trying to embed their analyses of law within other perspectives, Kersch's book or, at least, the specific people he discusses at length.).. The government directed and subsidized subprime home mortgage. Bart DePalma : 3:17 PM.
New reporting found that 1 in 3 people who plan on purchasing a home in the next three years think the outdated requirement of needing 20% down to purchase a home is still true. This misconception has kept an astonishing 70% of those potential homebuyers from even trying to purchase a home.
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A good myth, but a myth nonetheless. Another place to look for myths that just don’t seem to go away has to do with financing a home. For those that have never obtained a home loan or haven’t for quite some time, may be reaching their own conclusions which are keeping them from buying. Below are 3 Terrible Mortgage Myths.
Mortgage myths are very common, especially online, where anyone can post information about buying a home. While some of these myths are harmless and you will probably find out the truth before buying a home, there are others which can potentially cause some serious damage, and interfere with your ability to buy a home.
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: excuses. Myth 1: You need a big down payment to buy a home. According to the survey, the average American believes that 17 percent of the purchase price is the minimum down payment required to buy a home.
There was a time, not so long ago, when a buyer with 35% down payment basically was gauranteed approval. In fact, there was a time when heard brokers remark amongst themselves that with 35% down payment, the applicant didn’t even need a job! The scary thing was, they were right! Oftentimes, mortgages (whether a purchase,