WHAT FIRST-TIME HOMEOWNERS NEED TO KNOW
If you are interested in buying your first home, don't allow myths to discourage you from trying
If you are interested in buying your first home, don’t allow myths to discourage you from trying. With home prices increasing, it’s a little more difficult for first-time homeowner simply based on price. However, with so many options available, that doesn’t mean you can’t qualify for a mortgage loan. You just need to know what to plan for and what questions to ask.
Studies show that many potential homeowners believe they can’t buy a house when, in fact, a strong possibility exists that they can. Close to 15% of people living in the United States state they would like to buy a home within the next few years but believe that it’s impossible from a financial perspective. Another 10% state they can afford a home but for other reasons, probably won’t buy for a while.
Here are some myths:
· In order to qualify for a house, you need 20% down
· Lenders are required by law to provide you with the best possible rate for your loan
· You can’t qualify for a house if you’ve been with your current employer less than five years
· Your credit must be perfect
· Mortgage interest is not tax deductible
These are the MYTHS…now, read my entire "Buyer’s Secrets…Pemier Online Real Estate Secrets for the Homebuyer" to get the FACTS!
Click here to search all listings in Michigan with pictures and tours - FREE!
Kathy Toth and Team
Real Estate One
Related Links
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Pease visit our website if you are interested in even more information regarding foreclosures, real estate investing or short sales
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homes and condos with pictures and tours - FREE!
Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
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