The housing market has been smoking hot in 2021, and many renters are looking into whether or not they can afford to make the leap to homeownership. But some renters are held back by the financial misinformation that’s floating around the internet. The truth is that many of the most commonly cited reasons for avoiding homeownership are based on myths.
By John Csiszar
Start Here: 7 Things You Should Know Before Buying a House
Find Out: What You Need To Do Now To Buy a Home in 1 Year, 2 Years or 5 Years Read: We Asked 500 Renters & 500 Homeowners: What Would You Do With an Extra $50K?
Myth No. 1: You Need a 20% Down Payment
The Scoop: How to Buy a House With 0% DownReal Talk: How Much Should You Save for a Down Payment on a House?
Myth No. 2: The Monthly Payments Are Too High
Be Prepared: Are We in a Housing Bubble?Good To Know: States With the Highest Property Taxes
Myth No. 3: The Only Down Payment Assistance You Can Get Is From Your Parents
See: Real Estate Investing Gurus Mindy Jensen & Liz Faircloth: How Women Can Cash In on the Booming Housing MarketSee: 5 Common Misconceptions Millennials Have About the Costs of Homeownership
Myth No. 4: Your Credit Is Too Bad
Last updated: Oct. 11, 2021
