http://www.compare-mortgages-and-loans.com/confused-about-mortgages/mortgage-myths.html Mortgage myths will be defeated when you consult with our experts. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Understanding the truth behind mortgage myths Are mortgage myths preventing you from realizing the dream of becoming a home owner? We have compiled a list of mortgage myths that should never stop you from pursuing your property-owning goals. There is help for anyone who wishes to own a house and, after reviewing these misconceptions, you will no longer be confused about mortgages. Forget these mortgage myths right now. Late credit card or car loan payments will prevent you from obtaining a home loan - This is simply untrue. Our lenders do not care about your past financial difficulties. Bad credit home loans are readily available and affordable. Even potential home buyers with bankruptcies can afford a loan, depending on the circumstances and the length of time since filing. Interest rates are too high - Have you reviewed today's economy? Get ready for a bargain when you realize that rates are at an all-time low. Delaying a home purchase man mean losing appreciation gains and home prices may increase by the time you finally decide to buy. Renting is cheaper than owning - Not always. Renters can usually expect steady increases in rent from year to year, something that fixed-rate home owners do not have to worry about. The average monthly mortgage payment is $700. Also, owning a home enables you to receive significant deductions in taxes that are not available to renters. The mortgage process is difficult and stressful - It can be, but it certainly does not have to be. Rely on our experts to calculate your best mortgage deal and deliver a free, easy quote Send in our free online form and you'll receive a number of offers and free quotes within 24 hours of submission. This is the best way to save the most money over the shortest period of time. Sat, 26 Jul 2008 15:00:00 EDT