Debunking 4 Myths about Buying a Home

Debunking 4 Myths about Buying a Home
A recent study by the Joint Center for Housing Studies at Harvard University revealed when renters were asked why they do no plan to own in the future, financial constraints were a more common response than the perceived lifestyle benefits they may receive from renting. Today, we want to go over those financial challenges and see if we can put some fears to rest and also clear up some misconceptions. Here are the top four financial hurdles that cause renters not to buy:

1. You Cannot Afford a Home
2. You Do Not Have Good Enough Credit to Get a Mortgage
3. It’s Not a Good Time to Buy a Home
4. It’s Cheaper to Rent than Buy

Bottom Line
If you are even thinking about buying, get the facts from a trained professional. You may be pleasantly surprised by what you find out.

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