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Tuesday, March 17, 2020   /   by Leticia Almaro Nicolini

Two Big Myths in the Homebuying Process

Two Big Myths in the Homebuying Process


The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals:

“The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.”

Unfortunately, the myths surrounding the barriers to homeownership – especially those related to down payments and FICO® scores – might be keeping many buyers out of the arena. The piece also reveals:

“Millennials have to navigate a lot of obstacles to be able to own a home. According to our 2020 survey, saving for a down payment is the biggest barrier for 50% of millennials.”

Millennial or not, unpacking two of the biggest myths that may be standing in the way of homeownership among all generations is a great place to start the debunking process.
Myth #1: “I Need a 20% Down Payment” ...

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CONTRA COSTA AND ALAMEDA HOMES
Leticia Almaro Nicolini
975 Ygnacio Valley Rd
Walnut Creek, CA 94596
925-216-7720
DRE# 01155073 Broker, Realtor

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