Common Mortgage Myths (Part 1)

Hey, everyone, it's Jules. Don't get fooled by these common mortgage myths.

Only first time home buyers can buy a property with as little as 5% down.

That is incorrect.

Anybody can buy a property with as little as 5% down. Whether it's your first home or your 10th home, as long as it's your primary residence and you plan to occupy the property, or if it's a second home that you're purchasing for your family to occupy.

There are limitations to the down payment rules. It's 5% on the first 500,010% on the balance that goes over $500,000, up to a maximum of 1.5 million. But the cost of home ownership is much more affordable than you think.

Give our team a call if you have any questions.