I routinely speak with first time buyers about the challenges with obtaining a mortgage and it’s very true that there are a lot of misconceptions out there. A perfect credit score and 20% down is not a pre-requisite to obtaining a loan and there are programs available to assist first time buyers. The link in the article below is worth reading as it explains some of these misconceptions. The best place to start is speaking with a knowledgeable lender that will assess your current situation and help you identify your options. If you don’t have a lender, ask your real estate agent since most experienced and respected agents have lenders that they routinely work with. I work with lenders almost every day, but, there are only a select handful that I know and trust which I would be happy to refer to you. I serve most of southern California including the San Fernando Valley, Conejo Valley, and West LA. Contact me for more information! suzan@suzankozman.com

When it comes to what might be the biggest purchase of your life, it’s nice to know real facts. A lot of mortgage “facts” are not what people think.

Source: Essential Facts That First-Time Buyers Don’t Know About Mortgages a>