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Affordable Homes > Five Myths
Buying a home is an important step in building a secure financial future. But because of some common misconceptions, many people believe homeownership is out of their reach. Don't let these myths keep you from the personal and financial rewards of homeownership...
Myth #1
"I can't afford a down payment."
In the past, buying a home required a 20% down payment. But not today. In fact, 7 out of 10 first-time homebuyers make a down payment of 10% or less. Long Mortgage has loan programs that help qualified buyers get into a home with very little cash - or no cash at all.
Myth #2
"I have less-than-perfect credit, so I can't get a mortgage."
A less-than-perfect credit history doesn't have to stand in the way of your homeownership goals. Long Mortgage has helped thousands of individuals move beyond credit challenges into homes of their own.
Myth #3
"It's less expensive to rent, and now may not be the right time to buy."
You may be surprised at how much home you can afford for the same rent you're paying now, especially when you consider the tax advantages of homeownership. And unlike rent, your monthly principal and interest payments will stay the same for the life of a fixed-rate mortgage. Because home prices usually go up (and only occasionally decline), buying as soon as you can is typically a better strategy than trying to time the real estate market. Plus, you will start building wealth as your home equity grows.
Myth #4
"The whole mortgage process is long and complicated."
We want to make buying your home as easy as possible. Your Long Mortgage consultant will help you through each step of the financing process, so you'll never have to go it alone.
Myth #5
"I won't be able to make my monthly payments."
Our goal is to help you succeed financially, so we'll carefully review your loan options with you and help you choose the loan that's right for you. With a loan that fits your budget and your financial goals, your home will be a powerful tool in building a secure financial future for you and your family.
Don't let these myths keep you from the personal and financial rewards of homeownership. |
