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Financial expert Mark Lamkin from Lamkin Wealth Management explains some urban myths people hold on to about finances. educating yourself and your children, buying a home and saving for retirement.
2 myths holding back home buyers – Urban Institute recently released a report entitled, "Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability," which revealed that, "Consumers often think they need to put more money down to purchase a home than is actually required.
Buying a house to live in is a bad investment, says early retiree Kristy Shen in "Quit Like a Millionaire." It’s only smart.
2 Myths Holding Back Home Buyers. Jun 10, 2019 "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership.".
2 Myths Holding Back Home Buyers. Freddie Mac recently released a report entitled, "Perceptions of Down Payment Consumer Research." Their research revealed that, "For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership.
Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,
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2 Myths Holding Back Home Buyers By Gabe Fitzhugh June 10, 2019 June 10, 2019 freddie mac recently released a report entitled, "Perceptions of Down Payment Consumer Research."
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