Debunking Common Home Buying Myths - Robert Defalco Realty
Posted by Robert DeFalco on
This blog post by Defalco Realty aims to empower you with accurate information and dispel some of the most prevalent myths surrounding the home buying process. Understanding these realities can alleviate unnecessary stress and guide you towards a successful homeownership journey.
Myth #1: You Need a 20% Down Payment
Gone are the days of a 20% down payment being an absolute requirement. Many lenders now offer programs with significantly lower down payments, sometimes as low as 3-5%. Additionally, government programs and first-time homebuyer assistance initiatives can significantly reduce the upfront financial burden. Explore down payment assistance programs in your city or consult with a mortgage professional to learn about your options.
Myth…
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