homebuying in barnegat: Myths Holding Back Home Buyers in Ocean County
- 11/08/18 05:15 AM
If you think you can't afford to buy a home Ocean County, you may want to think again! Research shows that buyers don't always know the facts when it comes to qualifying for a mortgage. Compare the myths with actual requirements for a down payment, credit score and maximum debt-to-income ratio.
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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. In a 2017 survey, 68% of renters cited saving for a down payment as … (1 comments)
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