Mortgage Myths

True or False: You need a 10 or 20 percent Down Payment to buy a home. FALSE! We can show you ways to finance up to 100% of the value of your new home!

True or False: You need to purchase Mortgage Insurance if your Down Payment is less than 20 percent. FALSE! We can show you ways to avoid mortgage premiums and let that cash pay down your principal instead!

True or False: You can’t qualify for a mortgage if you’ve had credit issues in the past. FALSE! There is no kind of credit situation our experts haven’t seen, and we have mortgage types for virtually any kind of credit situation!

True or False: Owning costs more than renting. FALSE! We can show you mortgage programs with monthly payments that are compatible with the rent you’re paying now—and you’ll be building Equity, not supporting your landlord!

True or False: You only have one credit score. FALSE! There are three major rating services that maintain records on your creditworthiness, and how one rates you might be totally different than another!

True or False: Checking your own credit rating lowers it. FALSE! Experts recommend checking your credit rating at least three times a year to make sure there are neither errors nor anyone using your credit identity!

True or False: Shopping around lowers your credit score. FALSE! All inquiries conducted within 14 days for the same kind of credit—such as a home mortgage—count as a single inquiry!