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Financing Your Home >Mortgage Myths
Nationwide surveys indicate that a large number of potential home buyers count themselves out of the market because of widely-held myths about home financing.
Some of the most prevalent myths include: 1) home buyers need large down payments (more than is actually the case); 2) the loan process works against people under age 35; 3) owning a home is more expensive than renting; and 4) minorities have no chance of getting a mortgage.
The surveys found that many people view the mortgage process as "difficult, stressful, and incomprehensible." Many qualified first-time buyers are unaware of special programs designed to make home ownership affordable to them. The home loan industry is always looking for new ways to dispel these myths because lenders want more business, not less. The alternatives to traditional 20% down, thirty-year fixed mortgages are astonishing. Mortgage brokers are experienced in explaining today's financing and debunking the myths.
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| Q |
Where and when was the first motel introduced on the American commercial real estate scene?
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The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925. |
 See More Real Estate Trivia > |
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Nancy Gibson
Coldwell Banker
1330 Shermer Rd
Northbrook, IL 60062
847-753-6239
Nancy@Number1Nancy.com
Nancy Gibson is the top realtor in Northbrook, Illinois and specializes in real estate, homes and property for sale in the North Shore and the surrounding areas of Northbrook, Glenview, Deerfield, Wilmette, Winnetka, Deerfield, Lincolnsire, Riverwoods, and Winnetka. Whether you are buying or selling real estate in Northbrook, Illinois or on the North Shore, let Nancy Gibson be your realtor.
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