EXIT Realty Premier Blog

Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.”

Myth #1: “I Need a 20% Down Payment”

Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.

     

     

This Is It! Great Starter Home In Award Winning Plainedge #18. Just Painted And Gleaming Hardwood Thruout. Convenient Location To Parkways, Shopping & More. Lots Of Closets And Storage Space.

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      Bring Your Sunglasses....You'll Be Dazzled By The Sunlit Rooms Of The 4 Bedroom, 2 Bth, Expanded Ranch. All Redone In 2013. This Home Features Eik With Granite Counters And Stainless Steal Appliances, All New Windows, New Heating System, Siding, Roof, Hardwood Floors Upstairs, Tiled Through-Out, 2 Wood Fireplaces, Igs, Taxes Without Star. Homeowner Never Applied

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