6 Misconceptions relating to your home search

RE puzzleAt Go-Team Realty, we have never met someone that knows everything. When it comes to buying a house, many people have heard from a friend, parent, or co-worker one or many of the following misconceptions.  You have to keep in mind that no home purchase is exactly alike.  There are several different ways to buy a house, multiple loan programs to chose from, and many other details that will make your deal different from anyone else that you have come across. So beware, the following statements can lead you astray!

1.) I have to have 20% down to buy a home! – This is absolutely untrue. You can buy a home with a down payment as low as 3.5% through the FHA loan program and 5% with a conventional loan. Keep in mind that you will also be responsible for closing costs, but the combination of the two doesn’t have to be anywhere near 20%.  One…

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