Buying Myths Archives - Page 2 of 16 - Charles River Properties

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

by Charles River Properties | Mar 10, 2023 | Buyers, Buying Myths, First Time Home Buyers

Some Highlights If you’re trying to decide whether to rent or buy a home, there are a few things you should consider. Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation. If you’re ready to take...

How To Make Your Dream of Homeownership a Reality

by Charles River Properties | Feb 23, 2023 | Buyers, Buying Myths, First Time Home Buyers

According to a recent Harris Poll survey, 8 in 10 Americans say buying a home is a priority, and 28 million Americans actually plan to buy within the next 12 months. Homeownership provides many financial and nonfinancial benefits, so that interest is understandable....

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

by Charles River Properties | Feb 3, 2023 | Buyers, Buying Myths, Infographic

Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to...

Think Twice Before Waiting for 3% Mortgage Rates

by Charles River Properties | Jan 17, 2023 | Buyers, Buying Myths, First Time Home Buyers

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing...

Key Terms To Know When Buying a Home [INFOGRAPHIC]

by Charles River Properties | Jan 13, 2023 | Buyers, Buying Myths, First Time Home Buyers, Infographic

Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to...

Wondering How Much You Need To Save for a Down Payment?

by Charles River Properties | Jan 3, 2023 | Buyers, Buying Myths, First Time Home Buyers

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process...