So, let’s debunk a few spooky myths:
👻 You need a 20% down payment. There are plenty of loan options that require far less than 20% down to purchase a home. Of course, this depends on your credit score and history, but the idea that a home is out of reach without 20% down just isn’t true anymore.
👻 Your credit needs to be perfect. Again, not totally true. There are home loan programs that will accept credit scores around 580, although your credit history, income, and other factors also play a role.
👻 Your friends and family know the best agent. Your cousin’s wife may have used their best friend from college, but that doesn’t mean they’re right for you. You need an agent that has local market expertise and the ability to strongly negotiate on your behalf.