October 29, 2018
3 Most Common Home Buying MythsAt Semper we talk to a lot of people about home buying. And sometimes, we hear some things that surprise us. There are a lot of myths floating around about home buying so it’s important to stay informed and inquisitive when buying a home. Check out some of the top 3 home buying myths we hear:
Home Buying Myth #1 I need perfect credit to purchase a home
While it’s true that credit has an impact on the over-all loan process, having perfect credit is not a must. There are a variety of programs you may still qualify for even if your credit isn’t great. Each situation is different though, so it’s best to speak with an experienced Mortgage Loan Originator about what your options are.
Home Buying Myth #2 The first step is to look for a house
Oh boy, we hate to hear this one, but it’s very common. A lot of people believe they should find a house they like first, then figure out how or if they can buy it. All too often, prospective home owners get passed over when putting in an offer on a home because they don’t have anything to back it up. Really they should have gotten a pre-approval first. Pre-approvals outline buying power and budget, and what programs a borrower might be eligible for. If you’re thinking of buying a home, your first step should be to speak with a Loan Originator who can help you narrow down your price range and get you pre-approved.
Home Buying Myth #3 You don’t need a home inspection
We hear a lot of people wondering about how necessary a home inspection really is. The truth is that a home inspection is actually very important and can really help you at the end of the day. Home inspections help make sure you’re dream home is all it’s cracked up to be. A Home Inspector will let you know the condition of the home and it’s major components like the roof and foundation. They can help you identify any problems you may face in the future. An inspection can also provide useful information on how to maintain the home, helping to preserve the home’s value.
If you have any questions about what’s true and what’s just a home buying myth, feel free to give us a call anytime! Our experienced loan professionals are knowledgeable and ready with the information you need to make an informed home buying decision.
Ready to get in touch? Schedule a HOME BUYER CONSULTATION to see what you might qualify for!