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 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".
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Buyers overestimate the down payment funds needed to qualify for a home loan. According to the First quarter 2017 homeownership program index (HPI) from Down Payment Resource, saving for a down payment was the barrier that kept 70% of renters from buying. rob chrane, CEO of Down Payment Resource had. 2 Myths Holding Back Home Buyers.
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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.
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.