Slaying Myths About Buying A Home

Many potential first-time home buyers believe that they have to have a "perfect" credit score & 15-20% for a down payment in order to buy a home.  Arming yourself with information about what's really going on in the housing market will ensure you become the "King or Queen of Your Castle".  Check out these amazing stats of credit scores and down payments needed to buy a home.

Some Highlights:

• Interest Rates are still below historic numbers.
• 88% of property managers raised their rent in the last 12 months!
• Credit score requirements to be approved for a mortgage continue to fall. The 723 average score is the lowest since Ellie Mae began reporting on scores in August 2011.
• The average first-time home buyer down payment was 6% in 2015 according to the National Association of Realtors.

With rent's rising at an alarming rate, homeownership may still be cheeper than rent AND it's an investment in your future!  Schedule a homebuyers consultation with Jay Cermak, Realtor at 954-235-3589 and lets come up with a plan to help you buy a home sooner than later!

Search Fort Lauderdale homes for sale in Broward County at http://JaySellsFortLauderdale.com