So you finally got that perfect house and now its time to make it your home! Many homeowners spend a great deal of time, effort and money to make their new house a home with their own
2 Myths Holding Back Home Buyers
Dated: November 18 2019
“Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.”
Myth #1: “I Need a 20% Down Payment”
“Americans still overestimate the qualifications needed to get a mortgage, resulting in qualified potential buyers not even considering homeownership. Indeed, the Urban Institute report revealed that 16 percent of consumers believed that the minimum down payment required by lenders is 20 percent or more, and another 40 percent didn’t know at all.”
Myth #2: “I Need a 780 FICO® Score or Higher”
Who you work with matters. The Lipari Group is a Real Estate team dedicated to providing our customers with the perfect blend of expert experience, market knowledge, and a client-focused mentality. We....