November 21, 2019 at 7:00am | Mac Rogers
We all know Halloween is not really as scary it would seem right? For most people it is actually down right fun. I’m here to tell you that buying a home should be the same thing. There’s nothing scary or spooky about the process.

Hi my name is Mac Rogers. Broker/owner of Albert Rogers Realty here in Castro Valley California. I talk to a lot of prospective home buyers and a lot of them are just down right scared or misinformed about the whole home buying process.

Here are 5 myths & facts that will hopefully get rid of some of those fears you might have. (“Statistics come from NAR, MBA, Trulia, Corelogic, Ellie Mae)

Number 1 - I don’t have 20% down. 71% of home buyers put down 20% or less.

Number 2 – I don’t have 800 credit scores. The average credit score on approved loans is 737.

Number 3 – Getting approved for a mortgage is hard. 78.1% of loan applications were approved last month.

Number 4 – Mortgage rates are too high. The average 30 year fixed-rate mortgage dropped to 3.93% in September. This is near historical lows.

Number 5 – This is for current home owners that would like to move-up. “I don’t have enough equity in my home”. 96.2% of homeowners in the US have positive equity.

Hopefully this information helps you out. If you have any questions please leave them below. Have a great day & I’ll see you at my next open house.

Mac Rogers Broker
CalBRE 01354261
mac@albertrogersrealty.com
www.myeastbayproperty.com
650.273.2774
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