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Mortgage Myths

November 20, 2016

Nationwide surveys indicate that a large number of potential home buyers count themselves out of the market because of widely-held myths about home financing. Some of the most prevalent myths include: 1) home buyers need large down payments (more than is actually the case); 2) the loan process works against people under age 35; 3) owning a home is more expensive than renting; and 4) minorities have no chance of getting a mortgage.

The surveys found that many people view the mortgage process as "difficult, stressful, and incomprehensible." Many qualified first-time buyers are unaware of special programs designed to make home ownership affordable to them. The home loan industry is always looking for new ways to dispel these myths because lenders want more business, not less. The alternatives to traditional 20% down, thirty-year fixed mortgages are astonishing. Mortgage brokers are experienced in explaining today's financing and debunking the myths.

 

To Learn More, Contact Bill Cullin Today.

Call or text Bill Cullin at 302-841-7147 today!

Bill Cullin, REALTOR®

Your Real Estate Source at the Delaware Beaches

Email: Bill.Cullin@LNF.com

Websites:
www.DelawareBeachRE.com
www.BeachDelaware.com
www.TheHenlopen.com

Direct: 302-841-7147
Office: 302-227-2541
Toll Free: 1-800-462-3224, ext. 117
Fax: 302-227-8165

Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971