“Home buying myths.

The home buying process can be a stressful experience especially for first-time home buyers.

Let’s take a look at some common home buying myths

MYTH #1
A 30-year mortgage is always the best deal.

Not necessarily. While monthly payments may be lower the longer the fixed rate mortgage the higher your interest rate and interest payments will be so explore and compare all options available.

MYTH #2
You need a twenty percent down payment to buy a home.

Not true many financing programs are available and some require down payments as little
as 3.5 percent.

MYTH #3
Appraisers set the value of a home also not true the homeowner with the advice of their realtor set the home’s market price the appraiser’s role is to produce a credible opinion of value which reflects the current market for the lender.

MYTH #4
You need perfect credit to buy a home while a perfect credit score would be ideal keep in mind that acceptable credit scores range from 500 to 850 with the majority falling between 600 to 700 lenders consider many factors before they approve a loan

Have other real estate questions? Get them answered by working closely with a professional realtor to guide you through the home buying process.”

Looking to buy or sell your home? Real estate purchases are some of the most important decisions most people make during their lifetimes. To see a current list of Branson area homes, visit www.HousesInBranson.com

Here we look at the pitfalls of buying and selling at the same time.

For all of your Missouri real estate needs, contact realtor Christopher James. Specializing in Branson Missouri area homes, vacation properties, and vacation rental homes. Visit ThePropertyMagician.com for more information.