Thinking about buying a home but spooked by the “scary” stories out there? Let’s face it: the home-buying journey can seem like a haunted house of myths and misunderstandings. But don’t let these myths frighten you off!
If you think only people with pristine credit can get a mortgage, think again. A “ghoulishly” high credit score isn’t the only way to qualify. While good credit helps with rates, many lenders offer options for all sorts of credit backgrounds. Programs like FHA loans are more forgiving than many realize, helping borrowers with less-than-perfect credit achieve their homeownership goals.
This myth is like a ghostly whisper, convincing people that renting is always the smarter choice. While upfront costs may make homeownership seem daunting, buying often ends up being a better deal in the long run. As you build equity, your home becomes a valuable asset—unlike rent, which can vanish like a shadow.
Some say you should push your budget to the limit to get the best home possible. But stretching too far could turn your dream into a financial nightmare. Buying within a comfortable range allows you to enjoy the benefits of homeownership without the fear of being “house poor.” Keep the “treat” in your budget, and don’t be haunted by regret.
Holding out for your dream home can turn into a never-ending ghost hunt! Instead, focus on essentials. Most homes can be customized over time to fit your tastes. The perfect home may be the one that meets your needs now—and you can add those dream touches down the line.
The thought of being “stuck” can feel like a ghostly chain, but in reality, homeownership gives you flexibility. You can sell, rent out, or refinance your home if your needs change, and your equity provides financial options. Rather than haunting you, homeownership frees you to make the choices that work best for you.
Trying to time the “perfect” market conditions is like waiting for a full moon—rare and unpredictable. Instead of letting the market spook you, focus on your own financial readiness. With a solid plan and reliable information, you’ll be prepared to buy, regardless of the market’s mood swings.
Home buying doesn’t need to be a tale of terror. By facing these myths head-on, you’ll be able to approach homeownership confidently, knowing you’ve separated fact from fear. So, grab your flashlight and shine it on these myths—your path to a new home doesn’t need to be haunted! Contact us to get started.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 2498283
www.nmlsconsumeraccess.org
1721 South Ave W.
Missoula, Montana 59801
Phone: (406) 721-0331
Fax: (406) 251-3539
mslamtg@gmail.com
Powered By LenderHomePage.com
Missoula Mortgage strives to ensure that its services are accessible to people with disabilities. Missoula Mortgage has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Missoula Mortgage makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows missoulamortgage.net to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Missoula Mortgage accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Missoula Mortgage continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Missoula Mortgage website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Missoula Mortgage website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: mslamtg@gmail.com