by Brandon Lamar | Oct 27, 2020 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to...
by Brandon Lamar | Oct 13, 2020 | Buying Myths, Down Payments, For Buyers, Millennials, Pricing
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that...
by Brandon Lamar | Jan 15, 2020 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing
There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home...
![Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]](https://secureservercdn.net/198.71.233.87/074.bee.myftpupload.com/wp-content/uploads/2019/10/20191025-KCM-Share-549x300.jpg?time=1604018552)
by Brandon Lamar | Oct 25, 2019 | Buying Myths, First Time Home Buyers, For Buyers, Infographics
Some Highlights: Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: 71% of...
by Brandon Lamar | Oct 8, 2019 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC shares that the average...
by Brandon Lamar | Oct 7, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in...
