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2 Myths Holding Back Home Buyers – GoldCountryLiving.com Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a home loan. According to the First quarter 2017 homeownership program index (hpi) from Down Payment Resource, saving for a down payment was the barrier that kept 70% of renters from buying.. Rob Chrane, CEO of Down Payment Resource had this to say,
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The new address is 5620 Crawfordsville Rd, Indianapolis, IN 46224 located in the Speedway Super Center. The expanded branch features the state’s newest BMV Connect Center which houses 4 self-service kiosks. These kiosks are available to complete more than a dozen routine transactions 24 hours a day, 7 days a week. Fraud Prevention Alert
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The Ultimate Truth about Housing Affordability 2 Myths Holding Back Home Buyers Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.