Site icon Scott Lyle Group

First-Time Buyers’ Myths About Mortgages

Daily Real Estate News | Friday, December 05, 2014

While realtor.com® predicts 2015 will be the year of the first-time home buyer — a predicted increase in job growth next year should drive Millennials back into the housing market — many of them have some misguided ideas about mortgages.

Joel Gurman, vice president of mortgage banking at Quicken Loans, says first-time buyers often mistakenly believe these myths about mortgage lending:

 

Source: “7 Myths Millennials Believe About Mortgage Lending,” HousingWire (Dec. 2, 2014)

Exit mobile version