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Mortgage Myths Debunked: Get the Facts From a 20-Year Lending Veteran

These common lending myths can trip you up if you don’t know the truth.

Are you aware of the many myths surrounding home loans that are floating around out there? If you aren’t, you may be in for a surprise. Today, I had the pleasure of interviewing Chris Elgert with Lincoln Federal. Chris has 20 years of experience in this field and can help us debunk five of the most common mortgage myths.

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:

0:00 — Lending myths

0:45 — Do you need 20% down?

2:54 — Do you need an 850 credit score?

4:34 — Do you need to borrow alone?

5:41 — Can you use gift money?

6:53 — How long do you need to have been employed?

8:40 — Wrapping up

Remember, if you have any questions about loans or real estate in general, please feel free to reach out to me by phone or email. I would be happy to serve as your resource for all of your real estate needs.

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