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(BPT) - When buying a first home, most people are making one of the biggest purchases of their lives. Without home buying experience, it's hard to separate fact from fiction.
'Buying a first home can be exciting and stressful for most young buyers, especially the financing process,' says Clete Thompson, vice president at imortgage, a division of loanDepot LLC. 'There's a lot of paperwork, many choices, and sometimes budgets don't stretch very far. Our licensed loan officers specialize in helping first-time buyers navigate the home finance process, which can be stressful if you're not working with a seasoned professional.'
To help first-time buyers, the experts at imortgage are uncovering prevalent myths about financing a home purchase:
Myth: It...
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