Down Payments: Today's Most Persistent Misconception about Mortgages, There's a pervasive view held by younger
consumers when considering whether to purchase a home or not. Consumers persistently overestimate the size of a down payment they need in order to finance a home, and this lack of education is harming the housing market. With mortgage rates still near historic lows, new home ownership opportunities are poised to grow. The challenge is finding those who don't realize they can afford to finance a home and showing them how they can, see rates and read more.
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