Are you on the hunt for your first home? Rethink what you’ve been told and take a look at these commonly thought of mortgage myths.

MYTH: “My credit score isn’t good enough to buy on my own.”

REALITY: Credit is the five-letter word most people don’t like to talk about, but we all know exists. While an important factor in determining your loan program eligibility, your credit score doesn’t have to keep you from owning the home of your dreams! Some loan programs accept applicants with credit scores as low as 580. Connecting with a Mortgage Loan Originator and discussing your unique situation is the best plan of action to mitigate your credit worries.

MYTH:I won’t be able to afford everything associated with buying a home.”

REALITY: Owning a home at a price point you can afford is possible. Make sure you talk to an experienced Mortgage Loan Originator to get a realistic idea of how much you can afford. This process is called getting pre-approved. From there, your Mortgage Loan Originator will provide you with the information you need about loan programs that can get you into your first home. While there are some costs people don’t typically consider, your MLO will ensure you’ve considered all angles of homeownership.

MYTH: “Using a digital mortgage lender is just the same as meeting a lender in person.”

REALITY: At Homebridge, we pride ourselves on building strong relationships with our clients. Each customer becomes a part of the Homebridge family, a charge we take very seriously. Using an online mortgage lender just doesn’t provide the same kind of personalized service you get when you work with our team of experts.

There are a lot of myths about what it takes to buy a home. Don’t let them stop you from getting home you want. The Homebridge team will guide you through the mortgage mist and support you through every step of your homebuying journey.

If you’re ready to embark on your own mortgage journey, connect with a Homebridge Mortgage Loan Originator in your area today!

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