First Time Homebuyer Myths Debunked


When it comes to homebuying, clarification is key for many people to achieving their ideal home. imortgage, a Scottsdale, AZ-based consumer-friendly mortgage system division of loanDepot LLC, debunks prevailing myths about first time home purchases.

According to Clete Thompson, vice president at imortgage, “Buying a first home can be exciting and stressful for most young buyers, especially the financing process.”

imortgage experts busted six myths involving the amounts of required down payments, student loan debts, low credit scores, home purchase as a bad investment, mortgage-interest tax deduction, and even marriage. imortgage is an approved direct lender for FHA, HUD and USDA.

Read the article: Busting first-time homebuyer myths | Hutch News