Tired of the Term “Cozy”? Here Are 15 Real Estate “Code Words” with Funnier (And Fresher) AlternativesReal estate listings take a lot of heat for using certain “code
Don’t Let These Misconceptions Prevent You From Buying a Home
Dated: September 6 2023
Views: 43
Don’t Let These Misconceptions Prevent You From Buying a Home
If you’d like to buy a home, but feel like it’s just not something you can actually do, there’s two things you should know. One — you’re not alone. And two — you might be wrong.
There are certain misconceptions that prevent many people from pursuing homeownership. But the truth is, your dream of buying a home may be closer than you think.
So the question is, what, exactly, are those misconceptions and, more importantly, what’s the truth?
A recent article from realtor.com debunked some of the common misconceptions that keep people from successfully buying a home, including:
- “I don’t have enough money for a down payment.” Many would-be homeowners shy away from buying a home because they don’t have 20% saved for a down payment. But there are plenty of ways to buy a home with less cash down, including grants to subsidize your down payment, or mortgages with lower down payment requirements, like FHA loans.
- “I can’t afford a mortgage payment.” To be clear, you should never buy a home that has a mortgage payment you can’t afford. But in many places, rent can be more expensive than a mortgage payment, and if you live in one of those places, buying can actually save you money. In addition, if you’re buying a home for the first time, you may qualify for certain first-time homebuyer programs that can make your mortgage payment more affordable.
- “I don’t have a good enough credit history to get a mortgage.” Many people believe that you need perfect credit to buy a home. But there are options for buyers with less-than-perfect credit, like seller financing, private lenders, or lease-to-buy programs. And if you’re set on a traditional mortgage, there are steps you can take to improve your credit score and increase your chances of approval, like paying down your credit card balances and paying your bills on time each month.
Lee Ferreira
I grew up in New Jersey and worked as a paralegal for a personal injury firm for over 8 years and then became a stay-at-home mom while raising my 2 daughters. I moved to Bethlehem, PA in 2003 and have....
Latest Blog Posts
12 Classic Mom Sayings That Double as Real Estate AdviceMoms have a signature way of getting their point across — usually in one-liners that are equal parts hilarious, heartfelt, and
6 Ways Finding Your Dream Home Is Like Finding a Four-Leaf CloverSearching for the perfect home can feel like trying to find a four-leaf clover in a field full of three-leaf clovers. It’s as
Dear Real Estate (A Valentine’s Day Love Letter)Dear Real Estate,Remember when we first got together? People didn’t think we’d last. Maybe they didn’t always say it, but they
The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. The information contained
The information being provided by Greater Scranton Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Greater Scranton Board of Realtors. Classic Properties - Pocono Mountain is not a Multiple Listing Service (MLS), nor does
Pike Wayne MLS® (PWMLS). All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Classic Properties - Pocono Mountain may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 23, 2026 10:27 AM UTC
Luzerne County Association of REALTORS® (LZCAOR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Classic Properties - Pocono Mountain may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 23, 2026 10:21 AM UTC
