About 85% of homeowners with mortgages say there is something they wish they had known before starting the homebuying process, according to a new national survey of New American Funding (NAF) servicing customers, released Tuesday.

The biggest blind spot is down payments. Roughly 20% of respondents said they wish they had known about down payment assistance programs before buying, and another 13% did not realize a 20% down payment was not required to purchase a home.

“The long-held belief that you need a 20% down payment to purchase a home is simply not true. When someone assumes they need that details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com