2 Major Myths Holding Back Home Buyers

Posted Posted in Blog, Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds […]