8 Common and Costly Homebuying Myths

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5 Home-Buying Myths-Busted. Don’t let what you think you know derail your dreams. Read on to distinguish fact from fiction.. car loans, credit card bills, housing costs and more) by the amount of your monthly income. The lower the number, the better your chances of qualifying for a mortgage.

Common (And Costly) Home Buying Myths, Debunked It wasn’t so long ago that buying a home was a sure-fire way to make a lot of money. But when the housing bubble burst and led to thousands of foreclosures all over the country, things changed dramatically, Yes, house prices are rising again in.

Debunk some common home buying myths before you make a home purchase with the help of Primary Residential Mortgage.. Common Myths about Homebuying; Myth 1: It’s impossible to buy a house today with less than perfect credit.. Your priorities must also include closing costs, a maintenance.

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Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment. With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.

9 Home-Buying Myths You Need to Stop Believing Immediately. So we’re here to bust the most common misconceptions about home buying so you can do this thing the right way.. Myth No. 4: The.

On a similar note, we think it’s time to talk about some of those ever common home buying myths. The widely held, but false beliefs and ideas that center around the home buying process and experience. So, without further adieu. 8 Home Buying Myths | DEBUNKED. Myth #1. Online portals like Zillow, Realtor.com, Redfin and Trulia mirror the MLS

8 myths of modern mortgages every homebuyer should know.. A common tactic to get your business is for a lender to offer a lower rate for an added fee. Net/net: look at the total cost of a loan to make a more informed.

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Watch the video of ‘8 Common and Costly Homebuying Myths’ on MoneyTalksNews.com. 4. Your only ongoing cost is the mortgage payment. When calculating homeownership costs, buyers may assume that.