Buying Myths Archives

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

Feb 3, 2023 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights

Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.

Think Twice Before Waiting for 3% Mortgage Rates

Jan 17, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Jan 13, 2023 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights

Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process.
If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process.

Wondering How Much You Need To Save for a Down Payment?

Jan 3, 2023 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be.

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Dec 28, 2022 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders […]

Confused About What’s Going on in the Housing Market? Lean on a Professional.

Dec 27, 2022 | Buying Myths, For Buyers, For Sellers, Housing Market Updates, Selling Myths

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with […]

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You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

Some Highlights

Think Twice Before Waiting for 3% Mortgage Rates

Key Terms To Know When Buying a Home [INFOGRAPHIC]

Some Highlights

Wondering How Much You Need To Save for a Down Payment?

Applying For a Mortgage? Here’s What You Should Avoid Once You Do.

Confused About What’s Going on in the Housing Market? Lean on a Professional.

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