Home buying myths hamper sales, Wells Fargo finds

Printer-friendly version
September 19, 2014

According to Reuters, a survey released by Wells Fargo, the largest U.S. mortgage lender, indicates that getting a mortgage in the United States may be easier than many borrowers think.
 
Of the respondents, nearly two-thirds thought a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price. Even though there are cheaper options such as mortgages insured by the Federal Housing Administration, other reasons why consumers aren’t taking out loans include the fear of being turned down.
 
Read more

Comments on: "Home buying myths hamper sales, Wells Fargo finds"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init