by Brent Knapp | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers
Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5...
by Brent Knapp | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing
There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom...
by Brent Knapp | Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several...
by Brent Knapp | Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers
The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an...
by Brent Knapp | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Millennials
Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts: 40% of millennials who purchased homes this year have put down less...
by Brent Knapp | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to...
![Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]](https://assurancehomeloans.us/wp-content/uploads/2017/10/20171027-Share-STM.jpg)
