Debunking Mortgage Myths: Separating Fact from Fiction

Financial • 0x views • 🕒 July 10, 2023 00:00

Your trusted guide to understanding and debunking common mortgage myths.

Table of contents

Introduction
Myth 1: You Need Perfect Credit to Qualify for a Mortgage
Myth 2: A 20% Down Payment is Mandatory
Myth 3: Adjustable-Rate Mortgages are Always Risky
Myth 4: Refinancing is Always Beneficial
Myth 5: Pre-Qualification and Pre-Approval are the Same
Conclusion

Introduction

Myth 1: You Need Perfect Credit to Qualify for a Mortgage

Myth 2: A 20% Down Payment is Mandatory

Myth 3: Adjustable-Rate Mortgages are Always Risky

Myth 4: Refinancing is Always Beneficial

Myth 5: Pre-Qualification and Pre-Approval are the Same

Conclusion

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