Realtor giving real estate advice to potential home buyers

The world of real estate is constantly changing, which can make it daunting for new home buyers (and even experienced buyers) to fully understand and navigate. There have always been misconceptions about the home buying process. As the market evolves, so do the myths, and 2023 is no exception. Let's debunk some of the prevalent myths circulating this year.

Myth #1: You Must Pay a Down Payment of 20% or More

Historically, a 20% down payment was the gold standard for purchasing a home. However, this is no longer universally true. While putting down a significant down payment can potentially help you get a better mortgage rate or avoid private mortgage insurance (PMI), there are numerous loan programs available for those who can't afford a hefty…

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