 Office: (423) 581-8881 |
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Lou Hood |
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Lou Hood (423) 312-8282 Toll-Free: (877) 822-8611 |
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Issue 4 – May 30, 2007 |
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Mortgage Corner Buying a house is a large step in building a secure financial future. But because of common misconceptions many people believe that this is out of their reach. Do not let these common myths keep you from being a home owner. Over the next few newsletters I will cover these five common Myths that create barriers to home ownership. Myth 1 – “I can’t afford a down payment” It used to be a requirement to have a 20% down payment when purchasing your home but not anymore. There are numerous programs that allow first time home buyers to get into a new home with no down payment at all. In fact, 7 out of 10 first time homebuyers get into their homes with a down payment of 10% or less. Contact me today to learn more about Low Down Payment or No Down Payment financing options today Remember to always consult a Mortgage Professional before house hunting so you know what your purchasing power is and to get a pre-approval letter. Bryce Michaud |
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