Nationwide surveys indicate that a large number of potential home buyers count themselves out of the market because of widely-held myths about home financing. Some of the most prevalent myths include: 1) home buyers need large down payments (more than is actually the case); 2) the loan process works against people under age 35; 3) owning a home is more expensive than renting; and 4) minorities have no chance of getting a mortgage.

The surveys found that many people view the mortgage process as "difficult, stressful, and incomprehensible." Many qualified first-time buyers are unaware of special programs designed to make home ownership affordable to them. The home loan industry is always looking for new ways to dispel these myths because lenders want more business, not less. The alternatives to traditional 20% down, thirty-year fixed mortgages are astonishing. Mortgage brokers are experienced in explaining today's financing and debunking the myths.

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Binali Patel RE/MAX Achievers 315 Springfield Avenue Summit, NJ 07901 Mobile: 973-715-3535 Office: 908-522-9444 Fax: 973-376-0404 binalipatel@number1expert.com As a buyer agent, my goal is to help you find a home that best meets with your needs and at BEST PRICE & terms. "I take the real estate needs of my clients extremely seriously -after all it is the biggest personal financial decision they entrust me with"

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