09/21/2026
🏡 Buying a home in Will County can be overwhelming with all the information out there. You might have heard some myths that could lead you astray! Here are the top 5 mortgage myths every homebuyer should know about:
1. You need a 20% down payment. Many homes can be purchased with much less down!
2. Pre-qualification means you’re approved. Pre-qualification is a helpful first step but doesn’t guarantee loan approval.
3. Your credit has to be perfect. There are options available for buyers with less-than-perfect credit.
4. All loans are the same. Different loans offer unique benefits and requirements, so it's important to find the right fit.
5. You don’t need a real estate agent. A great agent can help you navigate the complex process and make buying a home smoother.
Understanding these myths can help you make informed decisions during your homebuying journey. If you're curious about the mortgage process or have questions, feel free to reach out! Drop a comment or DM me to get started.
John Barker NMLS # 224832 • Success Mortgage Partners NMLS # 130562 • Equal Housing Lender • Licensed in Illinois. This content is for informational and educational purposes only and does not constitute financial, legal, or tax advice, nor is it a commitment to lend. All loans are subject to borrower qualifications, including credit approval, income verification, and property evaluation. Rates, terms, and APR are subject to change without notice. • Created: September 21, 2026