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. Facebook; Twitter;. Myth #2: “I Need a 780 FICO® Score or Higher to Buy”.

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Many would-be homebuyers believe they need to put 20% down on a home purchase. Actually, the. 2 Major Myths Holding Back Home Buyers. by Brent.

There’s no shortage of stories about the people who side-hustled their way out of debt or who launched a multimillion-dollar business while holding down a 9-to-5. talks’ with his dad Millennials.

The NAR’s pending home sales index dropped 2.5% last month to. have not yet consistently pulled buyers back into the.

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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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Myth #2: Your family will suffer Yes. and what assumptions and biases you hold and how you can overcome them. You will not.

There’s a little bit of good news for Fort Collins-area home buyers, but not much to celebrate if you. Dunn said he is.

2 Major Myths Holding Back Home Buyers Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,