2 Myths Holding Back Home Buyers

According to the company’s analysis, the market potential for existing-home sales fell by 1.2% from 2018, equating a loss of.

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.

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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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.

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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According to a 2017 study from the Federal Reserve, every $1,000 in student loan debt delays homeownership by about. be holding them back.” Kushi said many Millennials believe that a 20% down.

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.

A private investment fund has inked a nearly $2.8 million settlement with New York Attorney General Letitia James and state financial regulators over its investments in a company accused of running an.

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Down payments and FICO scores should not be holding you back from owning a home. You may be closer to owning your dream home than you think. Down payments and FICO scores should not be holding you back from owning a home.. 2 Myths Holding Back home buyers. posted by GoGSF | July 19, 2017.