5 Common Lending Misconceptions DEBUNKED | Real Estate Myths Costing You Money скачать в хорошем качестве

5 Common Lending Misconceptions DEBUNKED | Real Estate Myths Costing You Money

In the finale of our 4-part Real Estate Real Talk series, Casey Whealton and I tackle the most common lending and real estate misconceptions we hear from buyers every single week. These myths can cost you time, money, and opportunities—so let's set the record straight with transparent, honest answers. 🎯 MISCONCEPTIONS WE'RE BUSTING: #1: Getting My Credit Pulled Will Hurt My Score Hard inquiries have temporary, minimal impact Robust credit profiles are less affected Start with a SOFT pull to explore options first Don't let fear prevent you from exploring homeownership #2: Realtors Get Kickbacks for Referrals FALSE—this violates RESPA (Real Estate Settlement Procedures Act) Federal law prohibits kickbacks between real estate professionals We work together for competence and service—not financial gain There's a difference between "licensed" and "professional" #3: I Can Finance My Closing Costs Typically NO—loan-to-value ratios prevent this Would make you "upside down" in your loan BUT sellers/builders CAN pay as concessions If you didn't pay before, they likely covered them #4: I Can Only Use My VA Loan Once FALSE—use it again and again! Can have 3 VA loans simultaneously within entitlement Must be primary residence when purchasing Can convert to rental later If over entitlement: 25% down payment of excess amount Sell property = entitlement frees up One-time restoration available even while owning property #5: All Refinance Letters Are Legitimate Mostly SPAM after closing (public record) RED FLAGS: "URGENT," "FINAL NOTICE," pressure tactics Your real lender has your number When in doubt, verify with your loan officer 💡 KEY TAKEAWAYS: Don't let misconceptions prevent you from: ✅ Exploring homeownership options ✅ Using amazing loan programs you qualify for ✅ Understanding your true costs ✅ Protecting yourself from scams Homeownership is the fastest way to build generational wealth—don't let myths hold you back. 📍 WHO THIS IS FOR: Military families navigating VA loan benefits First-time buyers overcoming fear and confusion Growing families ready to upsize Anyone who's heard these myths and wondered what's true 👥 ABOUT US: Casey Whealton - 18 years helping people achieve homeownership with honest guidance Megan Shoff - The Transparent Realtor removing the mystery from real estate for first-time buyers, military families, and growing families in Fayetteville, NC We're forever resources—even after closing. Helping people achieve goals and build wealth is why we do this. 💬 QUESTIONS? Drop them below! No question is too small. We're here to educate and empower. 🔔 SUBSCRIBE for transparent real estate education.