There are a lot of myths out there in the mortgage world, and today we’re going to debunk the five most common ones. While some of this information might’ve been true at one point in time, it is important to stay updated on how this information has changed as you navigate the home-buying process. In today’s episode, Bill will touch on a few myths from his homebuyer guide and provide some bonus content as well.
Before we dive into these misconceptions, Bill will discuss the current state of the real estate market and why numerous companies are providing mortgage deals. Additionally, he will share some positive news about long-term interest rates. Join us for an enlightening discussion on the present real estate market!
Here’s some of what we’ll discuss in this episode:
- Myth: I’ll never be able to overcome my bad credit score and buy a home. (7:13)
- Myth: Lenders will nickel and dime you with fees. (9:44)
- Myth: You’ll need to put 20% down on your home in cash to purchase it. (12:08)
- Myth: You want to avoid the adjustable mortgage rate bill. (15:57)
- Myth: First-time home buyer loans are always the most beneficial for first-time buyers. (18:43)
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If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.
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