8 Common and Costly Homebuying Myths

On a similar note, we think it’s time to talk about some of those ever common home buying myths. The widely held, but false beliefs and ideas that center around the home buying process and experience. So, without further adieu. 8 Home Buying Myths | DEBUNKED. Myth #1. Online portals like Zillow, Realtor.com, Redfin and Trulia mirror the MLS

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– There are new 2018 fha guidelines On DTI And Student Loans is effecting many home buyers with higher student loan balances: The new 2018 FHA Guidelines On DTI And Student Loans is already in effect; FHA case numbers that has been ordered prior to June 30th, 2016 did affect borrowers with large student loan balances; Unfortunately, many.

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Home Buying Myth #3 – The only upfront cost is a down payment. This is one of the most dangerous of all the home buying myths. The costs of purchasing a home should be covered by both your agent and your mortgage lender, but sometimes the hidden fees get glossed over.

Here are some home buying myths that can lead to big mistakes:. in the real estate market but it can generally take 5-7 years just to break even with the costs of buying, owning, 8) All you need upfront is the down payment.

Note remains’: this has been the case for a number of years now, with the number of cohabiting couples increasing by a significant 25.8 per cent in the last decade. Worryingly, the myth of common.

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