Financing Myths Busted

Dated: 04/23/2017

Views: 126

Financing Myths Busted

If you are considering buying a home, chances are that you have heard that you need a 20% down payment and an awesome credit score. The reality is that those numbers are more flexible than you think. In fact, 80% of first time buyersin February did not have a 20% down payment and 65% percent of them put down less than 6%. The average down payment for all buyers right now is 10%. Also, the average FICO credit scores are lower for 2017 than they have been in years past. With rents on the rise and interest rates low, it is a great time to buy a home. Speak with a Realtor (like me) and a lender to determine your buying power.

Slaying Home Buying Myths [INFOGRAPHIC] | Keeping Current Matters

Kim Sheppard, Realtor with EXIT Realty DTC, proudly working in and around Douglas County Colorado. I’m here to help with all your real estate needs. Contact me at 303-522-3546 or text kims to 85377 for my mobile business card.

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