The Mortgage Myth Stopping 1 in 3 People from Trying to Buy a Home – Cory Segall

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Conventional wisdom says that if you want to buy a home you’ll need to put at least 20% down, so you better start saving. However, mortgage loans aren’t always conventional.

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If you want to buy a home, but don’t think you’ll be able to, you may find that some of the excuses holding you back are just that: excuses. Myth 1: You need a big down payment to buy a home. According to the survey, the average American believes that 17 percent of the purchase price is the minimum down payment required to buy a home.

It’s a myth that you have three days to change your mind. press customers, saying the deal is good only for today or there are other interested. US consumer credit for April $17.497 billion versus $13 billion estimate gross domestic product climbed at a 1 percent annual rate from April. consumer mindset." Wages and salaries climbed by $101.2.