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: 1724855
Colorado Mortgage Company Registration NMLS # 1724855
Florida Mortgage Broker License/ Registration # MBR2593
CA-DBO Finance Lenders Law License
License #60DBO83070
Texas SML # 1724855
"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."
Imperial Mortgage Services, INC NMLS #1724855 is not affiliated with any government agencies, including the VA, FHA, or HUD. Our approved lending partners are also VA, FHA, and/or Fannie Mae or Freddie Mac approved lenders.
NMLS Consumer Access: www.nmlsconsumeraccess.org
430 Highway 6 S
Suite 100
Houston, TX 77079
Phone: (800) 505-2153
eeboh@Imperialmtg.com
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