Date Archives: August 12th, 2019

Margaret Rudd Industry News Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Bald Head Island | 12 Posts
Bolivia, NC | 4 Posts
Brunswick County | 55 Posts
Buy a House | 40 Posts
Calabash NC | 1 Posts
Caswell Beach | 1 Posts
Holden Beach | 7 Posts
Home Improvement | 37 Posts
Home Safety | 4 Posts
Homeownership | 11 Posts
Maritime Forest | 2 Posts
Oak Island NC | 7 Posts
Relocation | 1 Posts
Southport NC | 67 Posts
St James NC | 2 Posts
Sunset Beach | 5 Posts
Uncategorized | 4 Posts
Vacation Home | Second Home | Buying a House | Historic Homes | Things to Do | Local Attractions | Restaurants | Technology | Smart Technology | Beaches | Margaret Rudd & Associates | Oak Island | Holden Beach NC | Area Information | Community Events | Sunset Beach, NC | Southport NC | Brunswick County | Bald Head Island | Caswell Beach | Ocean Isle Beach | Winding River Plantation | St. James Plantation | Curb appeal | Holidays | Holiday staging | Home Staging | Downsizing | Relocation | Retirement | Neighborhoods | Golf | Golf Courses | Golf Communities | Down payment | Home loan | First-time buyers | First home | Sell Your Home | Home Inspection | Move Up Buyers | Southport Neighborhoods | Cambridge Crossings | Rivermist at Dutchman Village | The Preserve at Oak Island | Arbor Creek | Palmetto Creek | Ocean Ridge Plantation | Sea Trail Plantation | River Sea Plantation | Cade's Cove | Carolina Place | Harbor Oaks | The Hammocks at Southport | Indigo Plantation | The Landing at Southport | Mariner's Pointe | South Harbour Village | Mortgage | Credit Score | Avalon | Bolivia, NC | Walkability | Home ownership | Home improvement | Local businesses | Open house | Fitness Centers | Marsh Walk | Local events | For sellers | Choosing an agent | Pets | Home maintenance | Nature preserve | Wildlife | For buyers | Home buying tips | Festivals | Outdoor activities | Waterfront dining | Outdoor living space | Security features | Smart home features | Energy efficiency | Home-selling tips | Home valuation | Boiling Spring Lakes | St. James | Winter | Interior Design | Home Decor
August
12

Homebuying Hindrances - Margaret Rudd & Associates

Don't think you can afford to own your own home? Not so fast. There are plenty of people out there who want to buy a home but go into a panic after looking over their finances. So you're definitely not alone.

If there's one thing our REALTORS® believe, it's that home ownership should be within everyone's reach. Watch out for these common myths that keep people from becoming homeowners, and remember not to let them stop you!

  1. You can't afford the down payment
    Worrying about saving for a down payment is one factor that keeps a lot of people from buying a home. It's usually recommended that you pay 20 percent of the home's value upfront, but let's face it—20 percent of even a low-priced home is quite a big chunk of change. 

    Fortunately, it's possible to buy a home with a smaller down payment, and according to the National Association of REALTORS®, 81 percent of American homeowners do just that. The downside of making a smaller down payment is that you end up with a bigger mortgage (and more interest in the long run), but for a lot of new homeowners that's a very worthwhile trade-off.

    Click Here to Read More...