10/26/2026
👻🏡 Mortgage Myths That Are Haunting Today’s Buyers
There’s a lot of mortgage advice out there — but not everything you hear is true. Let’s clear up a few myths that could be making the buying process feel scarier than it needs to be. 🎃
💰 You always need 20% down — Not necessarily. Depending on the purchase price and your situation, you may be able to buy with less.
📉 The lowest rate is always the best option — Rate matters, but so do the mortgage terms, penalties and flexibility.
🔑 A pre-approval guarantees financing — Not quite. Final approval can still depend on your finances and the property itself.
💳 You need perfect credit to buy — Credit matters, but it’s only one part of what lenders consider.
⏰ You should wait for the “perfect” rate — Trying to perfectly time the market can be difficult. Your budget, goals and timeline matter too.
Don’t let outdated mortgage myths haunt your home search. Get informed, ask questions and speak with a qualified mortgage professional about what works for you. 👻🔑