2 Myths Holding Back Home Buyers — Christopher Sean Rose, Realtor®

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Welcome to our first episode. Here’s where we get the inside story of Gary’s journey from aspiring rock star to rocking the real estate world. See how a series of good decisio

2 Major Myths Holding Back Home Buyers Posted Mar 22, 2018 Urban Institute recently released a report entitled, " Barriers to Accessing Homeownership, " which revealed that "eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent."

Gentner’s Community Market provides an excellent opportunity for both buyer and seller, and helps slow down the everyday blur that we all sometimes find ourselves victims of. The barn on the hill, 341.

Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report: "Consumers are often unaware of the option to take out low-down-payment mortgages. Only 19% of consumers believe lenders would make loans with a down payment of 5% or less.

It’s about to become much, much easier to get a home loan Why it just got easier to qualify for a mortgage with fannie mae fannie mae just gave borrowers three very big reasons to look into saving money by refinancing their current mortgage to eliminate monthly mortgage insurance or lower your rate!

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In my experience, buyers who feel this way when their offer is accepted right away only feel it for a very short time. Those buyers get back in the house for their home inspection, or they tell a friend or family member that they got the house, and the buyers are so excited because that house is the right one, and they know it was meant to be.

I am a member of the Jefferson/Lewis County Board of REALTOR’S and am honored to say that I work for Bridgeview Real Estate Services, and am honored to be affiliated with the fastest growing Real Estate Company in the area. Now, let me tell you a little bit about myself. My family and I have made the North Country our Home for the past 18 years.