tampa criminal attorney: Common Misconceptions People Have About Buying a House

Friday, March 17, 2023

Hey Isaac,

I hope today is treating you well!

Buying your first home should be an exciting endeavor, but it can be otherwise if you are misguided. Many people assume that it's simply a matter of hiring a realtor, getting a home loan and moving into the new home. However, this is not the case. Here are the myths and facts.

1. You should have a 20% down payment before purchasing the house

Many first-time home buyers are of the idea that 20 percent down payment is the standard amount while that is not the case. Although this was partly true a few decades ago, the tides have now changed. Some lenders ask for more than this while others demand less than 20 percent. Do your research and get accurate figures.

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Best wishes,

Kelly
Account Manager
thinkersofouramerica.com