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Local Countrywide Mortgage Loan Officer
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Real Estate Tips
Financing Your Home >Mortgage Myths

Nationwide surveys indicate that a large number of potential home buyers count themselves out of the market because of widely-held myths about home financing. Some of the most prevalent myths include: 1) home buyers need large down payments (more than is actually the case); 2) the loan process works against people under age 35; 3) owning a home is more expensive than renting; and 4) minorities have no chance of getting a mortgage.

The surveys found that many people view the mortgage process as "difficult, stressful, and incomprehensible." Many qualified first-time buyers are unaware of special programs designed to make home ownership affordable to them. The home loan industry is always looking for new ways to dispel these myths because lenders want more business, not less. The alternatives to traditional 20% down, thirty-year fixed mortgages are astonishing. Mortgage brokers are experienced in explaining today's financing and debunking the myths.

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Real Estate Trivia
Q 
Where was the famous final airport scene in the 1942 classic "Casablanca" filmed?

A 
The scene where Humphrey Bogart says goodbye to Ingrid Bergman was actually shot on the east side of the Van Nuys Airport.
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Bo Longgrear, REALTOR®, real estate agent and broker for Richmond Hill, Savannah and Hinesville Georgia home listings, property and land for sale - NUMBER1EXPERT™

The Bo Longgrear Team
Keller Williams Coastal Area Partners

128 Frances Meeks Way Suite 17
Richmond Hill, GA. 31324
912-756-6602
Fax: 912-727-6867
Email: Bo@BoSellsHomes.com


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