Home Buying Myths Busted Infographic
Many potential home buyers continue to rent, because they think they can't qualify to buy a home or that the down payment is too expensive. There are certainly instances where it might be better for someone to rent. But buying a home might be a better option for you. Buying a home is one of the best investments you can make, and it's not as hard as you might think. Check out the Home Buying Myths Infographic below to see if it might be something you should consider. Don't hesitate to contact us if you're thinking about buying or ready to buy. We're your friends in real estate and ready to help!
First Time Home Buyer Guide
We also have a more detailed First Time Home Buyer Guide if you're interested. It's a FREE resource, so all you have to do is just ask, and we'll be glad to email it to you. Call or text us today at 336.462.9544.
Here's the Home Buying Myths Summary:
- The average down payment for first-time homebuyers is only 6%. But many first-time home buyers pay even less. FHA is currently only 3.5% Down! And there are still some 100% purchase loans which means very little out of pocket.
- Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! April 2019 is the lowest for mortgage rates in the last 12 months.
- The cost to rent a home is going up. 88% of property managers raised their rents in the last 12 months!
- The average credit score on approved loans continues to fall across many loan types. FHA minimum credit score is currently 640. You can qualify to buy a home even if you have some dings on your credit. And if you're below 640, we may have some tips to help improve your score. Contact us if you need help to raise your credit score. We're here to help! Call/text 336.462.9544.