There are a lot of mortgage misconceptions out there. And we want to make sure you’re as prepared as possible; so we put together a series of Mortgage Minutes to help you get educated. Read on to find out the truth about some of the biggest first-time homebuyer myths.
First-time homebuyer myth #1:
You need a 20% down payment.
Sometimes it’s true and providing a 20% down payment does have its benefits.