Ep 8 Buying A Home: 10 Myths About Buying A Home

In this episode, Tom Momenee and Mike Runion discuss common myths surrounding home buying, including the necessity of a 20% down payment, the timing of the market, and the importance of pre-approval. They also delve into misconceptions about fixer-uppers, student loans, and the credit score requirements for purchasing a home. The conversation emphasizes the significance of understanding closing costs, the pre-approval process, and the importance of choosing the right lender. The episode wraps up with insights on long-term investment strategies in real estate and the hosts' plans for future episodes.TakeawaysYou do NOT need 20% down to buy a house.Waiting for prices to drop can cost you more in the long run.Pre-approval rates can fluctuate before closing.Buying a fixer-upper may not always save you money.Student loans do not disqualify you from buying a home.You should get pre-approved before house hunting.You can buy a home without a credit score.Fall and winter can be a good time to buy a home.Choosing a lender should involve more than just the interest rate.Real estate is generally a long-term investment.

I will be taking July off but can't wait for Season 2: Discovering Wapak as we explore all Wapakoneta, Ohio has to offer. See you in August!