11 Myths About Home Buying

So what's your reason for not buying a new home today?

Myth 1: “I’m waiting for interest rates to drop further.”

Don’t wait for interest rates to drop!
The last time mortgage interest rates for new homes were below 5% was the 1950s, so waiting for them to drop even more is a gamble.
» Watch the Video

Myth 2: “I may not qualify for financing.”

Don’t be afraid to apply for a new home mortgage.
The media has made people afraid to apply for a new home mortgage. Let us put you in touch with a lending officer who can give you a confidential review of your financial situation.
» Watch the Video

Myth 3: “I’m waiting for home prices to decline.”

The stars are aligned to buy a new home now.
While it may appear that prices will continue to decline, the National Association of Home Builders reported a 9.7 percent increase in new home sales in the South in February.
» Watch the Video

Myth 4: “I can’t make the down payment.”

Select banks are still offering 100% financing!
There’s good news! Select banks are still offering 100% financing — any of our on-site community sales agents can direct you where to apply.
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Myth 5: “I have not found the right home.”

We can help you personalize your new home!
Our neighborhoods always have a selection of new homes under construction and some are even move-in ready.
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Myth 6: “I can’t afford the payment.”

Lower rates mean lower monthly payments.
With interest rates at historic lows, buying a home has never made more sense.
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Myth 7: “Buying a new home is too risky – values may fall more.”

Forecasts and projections say otherwise.
During these current economic times, you should think of your home primarily as a place to live, not as an investment.
» Watch the Video

Myth 8: “The economy is too unstable.”

Confidence is on the rise.
While concern over the economy is understandable, recent reports are favorable.
» Watch the Video

Myth 9: “I can’t sell my current home.”

Consider our lease purchase program in the meantime.
We have an attractive lease purchase program that allows you to pick out a new home in any of our neighborhoods in North and South Carolina and, with a reasonable deposit, rent your new home until closing.
» Watch the Video

Myth 10: “I can purchase a foreclosure for less.”

Beware of purchasing a foreclosure.
While a foreclosed property or short-sale seems attractive, these used homes are sold as-is with no inspection.
» Watch the Video

Myth 11: “I’ve got plenty of time to take advantage of the tax credit.”

Don’t wait to use your $8,000 tax credit!
The $8,000 tax credit won’t last forever. You must close on your new home by November 30, 2009 to receive your tax credit.
» Watch the Video

New Homes for Sale

Address & Phone

The Mungo Companies

441 Western Lane
Irmo, South Carolina 29063

Phone — (803) 749-9000

mungo@mungo.com

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