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The Mungo Companies » Home Buyer Guide » Myths About Home Buying

Myths About Home Buying

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


Myth: “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.
» Watch the Video


Myth: “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. Low interest rates mean that a monthly mortgage payment for a new home is equal to, or less than, a monthly rental payment. Home ownership is the pathway to financial security — and mortgage interest is tax deductible!


Myth: “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 so it’s impossible to know the condition of the structure. It is not uncommon for an owner who has been foreclosed upon to “trash” the house, ripping out countertops, cabinets, light fixtures and appliances so any savings you may enjoy will have to be invested in repairing damage.
» Watch the Video


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