GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
Here are seven common misconceptions and myths about buying a home looking forward to 2025.
From an investment perspective, I recommend buying a home now at its current value.
When interest rates come down, refinance.
You will save money on the home price and have a lower interest rate, added Carson.
While you may have traditionally wanted to save 20%, this isnt always an option.
Dont fall into the trap of thinking you cant live well as a renter.
If you wait around for ahousing market crashto happen, you may miss out on purchasing the right home.
You have to ensure that youre financially prepared for this kind of commitment.
Exceeding these limits can create financial stress or make it harder to securefavorable mortgage terms.
Its also important to fully understand the true cost of owning a home, said Kukwa.
More From GOBankingRates
Share This Article:
