FACT VS. MYTH

It's National Homeownership Month and we're busting some myths out there to help better prepare you to purchase a home whether it's your first or you're looking to transition or invest.⁠


 

Fact or Myth?
I need a perfect credit score to purchase a home.

 

Fact or Myth?
I shouldn’t buy a home in a seller’s market.

 

Fact or Myth?
It’s smarter and cheaper to purchase a fixer-upper.

 

Fact or Myth?
When you own your home and something breaks down you’re responsible.

Fact or Myth?
Lenders won’t count my student loans in deferment.

 

Fact or Myth?
I should wait until i find the home i want before applying for a loan.

 

Fact or Myth?
If you are pre-approved for a mortgage that means you are automatically approved for the loan.

 

Fact or Myth?
You shouldn’t buy now because the market is about to crash.

Fact or Myth?
I need to put 20% down in order to buy a home.

 

Fact or Myth?
It’s cheaper to rent than it is to buy a home.

 

Fact or Myth?
You shouldn't buy a home if it doesn't have everything you want.