The Truth About These 4 Mortgage Myths  

Maybe you’re a first-time home buyer. Or perhaps you are simply getting a lot of mixed messages about the real estate market. Either way, here are some busted mortgage myths:  

Myth #1: You Have to put 20% Down  

It all depends on what type of home loan you acquire! First time home-buyers might even qualify for 3% down.  While VA, USDA, and Navy Federal Credit Union loans often don’t need a down payment at all.  

For more information, check out our post on Home Loan Basics.  

Myth #2: Renting is Cheaper Than Buying a Home 

This myth often lives in the belief that you can’t afford to buy a home.  In truth, it entirely depends on the market. But here are two things…

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