05/16/2025
Homebuying Myths vs Facts 🏡
❌ Myth: You need a 20% down payment.
✅ Truth: Many loans allow as little as 3-5% down—or even 0% for qualified buyers!
❌ Myth: You need perfect credit.
âś… Truth: You can qualify for a mortgage with a credit score as low as 580 (or even lower with some programs).
❌ Myth: Renting is always cheaper than buying.
âś… Truth: With rising rent prices, owning could actually cost you less over time!
❌ Myth: You should talk to a Real Estate Agent first.
âś… Truth: Starting with a Lender helps you know how much home you can afford.
Learn more homebuying truths with our S1FinFit App. It’s built for anyone who wants to take control of their finances and manage their mortgage goals all in one place.
Message me to get S1FinFit 💬 Available on iPhone, Android and on desktop 📱🖥️