Top Five Real Estate Open House Myths – BUSTED! » Mortgage Masters Group

Understanding how mortgages work can help you get home loans in a variety of financial situations. Common mortgage myths provide the wrong information. You may, therefore, miss out on buying a home or on key financial benefits from your mortgage company.

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Dear Monty, you write a lot about the myths and misinformation in real estate. Do you have a "Top 10 real estate myths" kind of thing for that stuff? – Jason S. Chicago, ILL. Monty’s Answer: Hello Jason, Thanks for asking. It is an insightful question. Here is a list of the "Top 10 Real Estate Myths." There is no particular order.

5 Reasons why every realtor needs a mortgage broker at their open houses. Realtor Safety – While we do not have the safety issues that realtors experience south of the border, there have been incidents involving female realtors being assaulted or feeling uncomfortable being alone with strangers walking around the house.

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A bigger down payment does mean lower monthly payments. But not having $15,000 or $30,000 in cash for a down payment isn’t a deal breaker to getting a mortgage. FHA-backed loans can require a down payment as low as 3.5% of the home’s price. On a $150,000 home, that translates to just $5,250.

Sunday is prime-time for selling real estate (although in the South many offices are closed and sellers won’t allow even individual showings) and listing agents prefer to spend open house time.

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Deciding to enter the real estate market. can lower your mortgage repayments and interest charges so you can focus on servicing your debt and reaching your investment goals sooner. To demonstrate,

Real estate appraisers can scuttle or boost your chance for a mortgage refinance. but the second door must open to the home’s outside. To meet code requirements, a window used as an exit must have.