Top 5 Myths About Home Buying Today

Julie C. Nichols General

NEW YORK (MainStreet) — Robert McGarvey

The fact is, buying a home today is absolutely, totally different from buying one in 2003. And right there is why so many myths swirl around a process that, in many ways, is utterly novel from what it has been. What was true isn’t anymore.

Be ready to be shocked as we bust some myths below.

Myth 1: You need a 20% down payment even to think about buying a home, and that means maybe a couple hundred thousand in cash for a would be Manhattan apartment hunter.

Totally false.

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