The Top 7 Mortgage Myths Debunked
Financial • 0x views • 🕒 June 30, 2023 06:01
Learn about the most common misconceptions surrounding mortgages and discover the truth behind them.
Table of contents
- Myth #1: You need perfect credit to get a mortgage
- Myth #2: You need to make a large down payment
- Myth #3: Fixed-rate mortgages are always better than adjustable-rate mortgages
- Myth #4: Refinancing is always a good idea
- Myth #5: You should always go for the lowest interest rate
- Myth #6: You can't get a mortgage with student loans
- Myth #7: Mortgage pre-approval guarantees a loan
Myth #1: You need perfect credit to get a mortgage
Myth #2: You need to make a large down payment
Myth #3: Fixed-rate mortgages are always better than adjustable-rate mortgages
Myth #4: Refinancing is always a good idea
Myth #5: You should always go for the lowest interest rate
Myth #6: You can't get a mortgage with student loans
Myth #7: Mortgage pre-approval guarantees a loan
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