2019-11-18 08:08:03 Myths Holding Back Home Buyers in Tooele County Utah ![]() Actually these misunderstandings are not found only in folks hoping to buy a house in Tooele, they are items that effect housing sales all over the country. In fact, this article sent to me by Keeping Current Matters contains data that references all parts of the country. Read about the 2 myths outlined in the KCM post; IE:
These tips about home buying myths should clear the way for you to begin searching for that Tooele County property that best suits the needs of your family. Enjoy 2 Myths Holding Back Home Buyers![]() In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,
Myth #1: “I Need a 20% Down Payment”Buyers often overestimate how much they need to qualify for a home loan. According to the same article:
While many potential buyers still think they need to put at least 20% down for the home of their dreams, they often don’t realize how many assistance programs are available with as little as 3% down. With a little research, many renters may actually be able to enter the housing market sooner than they ever imagined. Myth #2: “I Need a 780 FICO® Score or Higher”In addition to down payments, buyers are also often confused about the FICO® score it takes to qualify for a mortgage, believing a ‘good’ credit score is 780 or higher. To debunk this myth, let’s take a look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans. Bottom LineWhether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Believe it or not – your dream home may already be within your reach. Tips about home buying |
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2019-12-04 12:37:46Tooele UT New Home Sales Heating Up 2019-11-25 06:13:55 Writing a Strong Offer in Tooele in This Market 2019-11-18 08:08:03 Myths Holding Back Home Buyers in Tooele County Utah 2019-10-22 12:10:05 How to Shop For a House in Tooele County Utah 2019-10-21 11:09:11 Tips about Buying or Selling Tooele County Real Estate 2019-10-09 06:20:28 We Dont Give Investment Advice About Tooele Real Estate 2019-10-08 05:57:45 Tips For Tooele Real Estate Buyers and Sellers 2019-10-04 12:02:05 Are Tooele UT Home Prices Still Increasing 2019-09-30 11:48:39 Best Time to Buy a New Home in Tooele County 2019-09-25 10:01:08 Tooele UT Home Buyers Need To Understand Title Insurance 2019-09-24 11:02:58 Live in Tooele County Save $30,000 2019-09-24 06:26:14 Tooele UT Home Buyers Can Improve Credit Scores 2019-09-13 12:10:39 Buy a New Home In Stansbury Park Utah 2019-08-30 07:15:38 Things To Know About Tooele County Real Estate 2019-08-28 14:18:33 The Tooele County UT Neighborhood Wish List: 2019-08-27 10:39:58 Worst Kept Secret In Utah-We Have a Housing Shortage. 2019-08-24 10:28:03 Why Didn't You Ask Your Real Estate Agent in Tooele County 2019-08-09 10:36:03 Move To Tooele County and Never Miss a Race. 2019-08-08 04:36:02 June Real Estate Market still strong in Tooele County! 2019-07-11 15:06:16 How Do Home Values in Stansbury Park Compare? 2019-07-08 20:43:12 Picking a Great Local Tooele Agent 2019-07-03 13:10:52 Why Hire a Local Tooele Real Estate Agent 2019-07-02 10:15:38 Don't Let The Tooele Mortgage Application Get You Down 2019-06-30 09:40:53 Good Real Estate Information About Tooele UT 2019-06-26 19:07:07 Buyer Guides For Tooele County Home Buyers Click here to see ALL articles. |