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Consumers Overestimate What It Takes to Buy a Home

June 24, 2019

When it comes to obtaining a mortgage, the majority of consumers think it requires a higher credit score and larger down payment than is actually necessary, according to a recent survey by Fannie Mae. The idea that misperceptions about mortgage requirements could hold some back from pursuing homeownership is troubling, and the researchers suggest lenders see this as […]

Filed Under: At A Glance, Industry News Tagged With: cvarconnect, Debt-to-income ratio, down payment, DTI, Fannie Mae, mortgage, mortgage qualification, survey

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