Myth 1: You Need a 20% Down Payment
Not true! Many lenders offer programs with as little as 3–5% down.
Myth 2: Your Credit Must Be Perfect
A higher credit score helps, but you don’t need perfect credit to qualify.
Myth 3: Renting Is Always Cheaper
In many markets, a mortgage payment can be equal to—or even less than—rent.
Myth 4: The Lowest Interest Rate Is Always the Best Deal
Look beyond rates—fees, terms, and conditions also matter.
Myth 5: You Should Always Choose a 30-Year Mortgage
While popular, a shorter loan term may save you thousands in interest.