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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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What home product makes lawn mowing easier than ever?
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The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
 See More Real Estate Trivia > |
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Sheri Foley Allen
Weichert Realtors
12479 Dillingham Square
Woodbridge, VA 22192
703-508-7386
Fax: 703-897-4770
sherifoleyallen@NUMBER1EXPERT.com
Sheri Foley Allen has been a licensed Real Estate Agent since 1993. She has been "Top Producer" 1995-2007 for the Prince William Association of Realtors. Sheri Foley Allen takes great pride in providing honesty, integrity, great service and results.   
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