When it comes to mortgages, there’s a lot of misinformation out there. Let’s clear up some of the most common myths:
Myth 1: You Need 20% Down
While 20% is ideal, many loan programs allow as little as 3% down.
Myth 2: You Must Have Perfect Credit
FHA loans and other programs are designed for buyers with less-than-perfect credit.
Myth 3: Renting is Always Cheaper than Buying
In many markets, owning a home is actually more affordable than renting—plus you’re building equity.
Myth 4: The Lowest Rate is Always the Best Loan
Sometimes lower rates come with higher fees. The best loan is the one that balances rate, terms, and costs.
Myth 5: The Mortgage Process Takes Forever
With today’s technology and expert guidance, many loans close faster than ever before.
Don’t let myths hold you back. Talk to our team today to discover your real mortgage options.
