Nicole has had a lot of conversations with first-time home buyers making assumptions that aren't correct. So that's what we're talking about today. She is busting eight home-buying myths. Nicole goes through the myth, misplaced logic, and the truth about home buying. There are a couple of them that may really surprise you about being debt-free before you buy, and shopping for the lowest rate to determine your lender. Listen to this episode of The Double Comma Club, "Eight Home Buying Myths."
1. You must put 20% down to buy a home.
2. It's cheaper to rent than to buy.
3. It's cheaper to buy a fixer-upper.
4. You need to be debt-free to purchase a home.
5. All lenders are the same.
6. You should go with the lowest rate.
7. Spring is the best time to buy.
8. Find the home before applying for the loan.
Why You Should Buy a House in Today’s Denver Market
Look at the 30-year mortgage rate history; today is the best day to buy.
IsThere a Housing Bubble and Will We See a Recession?
DMAR April 2022 - We need a recession.
Is there a housing bubble?
Why is Debt to Income Ratio Important When Buying a Home?
Rising Home Prices and Increased Interest Rates - Get in it now.
Gaining the Upper Hand to Be the Winning Offer
Interest Rates and Inflation Explained
What are mortgage points?
Ways first time home buyers can take advantage of small opportunities
Four home loan programs to consider - VA, FHA, Jumbo and Jumbo LLC
Is It Worth To Bid Over The Asking Price?
DMAR March 2022 - Real Estate is Globally Affected
Will Russia Affect Interest Rates?
5 Mistakes to Avoid Before Closing on Your Home
Real Estate Appraisal Hacks to Get Under Contract
Why Are Interest Rates Rising and Affecting Affordability?
When Does It Make Sense to Buy Down The Interest Rate?
With a HECM You Won’t Ever Make a Mortgage Payment Again
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