The Mortgage Myth Stopping 1 in 3 People from Trying to Buy a Home – Cory Segall

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People, especially those living paycheck to paycheck, want certainty that $100 will be able to buy you pretty much the same stuff a week from now, or a year from now, as it does today. Even at 1.

The Mortgage Myth – Why Your House is NOT an Investment.. The math is easy, take the purchase price of your home, add all of the mortgage interest and property taxes that you will pay, for as long as you plan to own the house, deduct the estimated tax savings from your interest and tax.

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Myth No. 1: You need 20% down.. 44% of respondents also believed you need 20% (or more) down to buy a home.. And don’t try to game the system-lying on a mortgage application is a felony.

Mortgage Myth Busting – Part 1.. then they must provide 30 days of pay stubs to the lender before they can close on the financing of their home.. I have been able to help a few people in this scenario and it worked out nicely. We just had to document that they had completed any pre.

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Mortgage myths are very common, especially online, where anyone can post information about buying a home. While some of these myths are harmless and you will probably find out the truth before buying a home, there are others which can potentially cause some serious damage, and interfere with your ability to buy a home.

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Welcome to the first video in our series, Get the Facts on Foreclosure, to help you separate fact from fiction. In this video we examine the myth that if you lose your home to foreclosure, you’ll.

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