Slaying Homebuying Myths

The Belt Team had a very successful first-time homebuyer seminar recently. And what we have found over time is that there are a lot of “mythunderstandings” out there about what it takes to buy a home – whether it’s your first home or your fourth. Here’s a great article from Keeping Current Matters that “slays” those myths!

FACTS:

  1. Interest Rates are still below historic numbers.
  2. 88% of property managers raised their rent in the last 12 months!
  3. Credit score requirements to be approved for a mortgage continue to fall. The 723 average score is the lowest since Ellie Mae began reporting on scores in August 2011.
  4. The average first-time home buyer down payment was 6% in 2015 according to NAR.

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Search our STATE-OF-THE-ART web site for Homes For Sale

Schedule a FREE Buyer Consultation with Our Lead Buyer Specialist

What You Need to Know About Buying A Home

 

FREE, Instant Home Valuation

Search our STATE-OF-THE-ART web site for Homes

Schedule a FREE Buyer Consultation with Our Lead Buyer Specialist or call (703) 242-3975 for more info.

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