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School Reports in Palmetto, Anna Maria Island, Bradenton and Sarasota, Florida

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Real Estate Tips

Financing Your Home >Mortgage Myths

Nationwide surveys indicate that a large number of potential home buyers count themselves out of the market because of widely-held myths about home financing. Some of the most prevalent myths include: 1) home buyers need large down payments (more than is actually the case); 2) the loan process works against people under age 35; 3) owning a home is more expensive than renting; and 4) minorities have no chance of getting a mortgage.

The surveys found that many people view the mortgage process as "difficult, stressful, and incomprehensible." Many qualified first-time buyers are unaware of special programs designed to make home ownership affordable to them. The home loan industry is always looking for new ways to dispel these myths because lenders want more business, not less. The alternatives to traditional 20% down, thirty-year fixed mortgages are astonishing. Mortgage brokers are experienced in explaining today's financing and debunking the myths.

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Real Estate Trivia

Q	What was the location for the classic silent movie scene where Harold LLoyd dangles from a huge clock high above the city?
A	That scene from "Safety Last"was filmed at the Brockman Building, one block south of the Biltmore Hotel in Los Angeles.
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TeamWorks, REALTOR®, real estate agent and broker for Palmetto, Anna Maria Island, Bradenton and Sarasota, Florida home listings, property and land for sale - NUMBER1EXPERT

TeamWorks
Keller Williams On the Water
908 Riverside Dr. #280 On The Water
Palmetto, FL 34221
941-779-5149
Fax: 941-729-7441
Contact@TeamWorksFLA.com

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