This article really supports what I’ve been preaching to all my friends, colleagues, and peers. Getting a mortgage isn’t hard, if you have a solid job, credit, as little as $700 down you can STOP renting! Get the home of your dreams! 
Millennials we are the next waive in the market and together will build a stronger economy. Take the first step.
Mortgage myths may be hampering U.S. demand: Survey
Monday, 15 Sep 2014 | 9:54 AM ET
–By Reuters
Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo, the largest U.S. mortgage lender.
Nearly two-thirds of respondents thought that a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price to buy a home.
Under government-backed programs, first-time home buyers with subprime credit scores can get a mortgage insured by the Federal Housing Administration, and they can put down as little as 3.5 percent of the purchase price.
Since the financial crisis, lenders have clamped down on mortgage credit. The Mortgage Bankers Association’s Mortgage Credit Availability Index, which measures the ease with which borrowers can take out a home loan based on credit scores, loan-to-value ratios and other factors, fell by more than 80 percent from early 2007 through August 2014.
But there are other reasons why consumers are not taking out loans like they once did, including the fear of being turned down. In 2013, those fears kept 19 percent of families from taking steps to get a consumer loan, up from 18.5 percent in 2010 and above the 16.4 percent rate of families who were actually turned down for credit, according to the Federal Reserve’s most recent survey of consumer finances.
Jason Salehi - Rock Realty & Investments, LLC 
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