Well as I have been saying over and over again the media is just in it for the shock factor.... Good Morning America strikes again. This morning they had their "mortgage expert" on the program with some ground breaking news. Problem was everything that was covered was not ground breaking news but rather ground breaking myths and untrue. She started out by stating that you must have a 720 credit score to get a home loan. - UNTRUE Went on with you have to have 20% down to get a home loan - UNTRUE Loans were getting much more difficult to get to the point that the average person can not buy a home - UNTRUE I will give her credit though she got one part correct... It is a great time to purchase a home because the rates are at historic lows and the house prices are very much in the buyer's favor currently. If she was a baseball player I guess that batting .250 isn't bad but this is the real world and only getting 1 out of 4 facts correct to me ranks right up there with not knowing much of anything. That being said there are still programs available for 0 down home loans. Loan programs for people with credit scores all the way down to 600. And the average person CAN get a home loan. The media seems to report what gets ratings and that shock and awe along with doom and gloom these days. Do not get sucked into believing everything that is reported on television as "fact". Hope this will help to show real facts rather than made up media garbage. Visit my website at www.bradcorbin.com for other helpful information.
Brad
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