If you are interested in buying your first home, don't allow myths to discourage you from trying. With home prices increasing, it's a little more difficult for first-time homeowner simply based on price. However, with so many options available, that doesn't mean you can't qualify for a mortgage loan. You just need to know what to plan for and what questions to ask.

Studies show that many potential homeowners believe they can't buy a house when, in fact, a strong possibility exists that they can. Close to 15% of people living in the United States state they would like to buy a home within the next few years but believe that it’s impossible from a financial perspective. Another 10% state they can afford a home but for other reasons, probably won't buy for a while.

Here are some myths:

· In order to qualify for a house, you need 20% down
· Lenders are required by law to provide you with the best possible rate for your loan
· You can't qualify for a house if you've been with your current employer less than five years
· Your credit must be perfect
· Mortgage interest is not tax deductible

These are the MYTHS...now, read my entire "Buyer's Secrets...Pemier Online Real Estate Secrets for the Homebuyer" to get the FACTS!

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Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty