Home Buying Myths and Other Fairy Tales

The trouble with listening to home buying myths and other fairy tales is potential buyers stop asking the professionals.

Keeping Current Matters produced this great infographic to debunk home buying myths:

Infographic about mortgages


FHA Loans have been popular for a long time.  Today’s FHA loans for borrowers with a 580 or higher credit score requires a down payment as little as 3.5%.  

Requirements for what types of conditions meet FHA Appraisals Guidelines has also changed with the times and sellers who have bad memories from fixes required on sales in the past may be much happier today.

Don’t believe what you hear or see on TV or social media.  Take time to sit down and discuss your loan qualifications with a mortgage specialist and make an informed decision.

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