Busting Mortgage Myths

Cornerstone Mortgage Group, a leading mortgage company in New Jersey offers premier mortgage services. Whether you are looking for a home loan to purchase your first home or looking to get a better mortgage rate on your current house.

If you're a first-time homebuyer, you might think that you need to have a large down payment to qualify for a mortgage. However, this is a myth that we're here to bust! The truth is that you don't need a hefty down payment to take out a mortgage.

Many lenders offer reduced down payments for first-time homebuyers, so you don't have to worry about putting down 20% of the purchase price. The amount you need for a down payment will depend on factors such as the location of the property, the cost of the home, and your personal finances.

At Cornerstone Mortgage Group, we're here to help you understand the mortgage process and find the best option for your unique needs and goals. Our team of experienced mortgage professionals can provide you with the information and guidance you need to make informed decisions about your home purchase.

Don't let the myth of needing a large down payment hold you back from pursuing your dream of homeownership. Contact us today or visit our website to learn more about how we can help you take the first step towards owning your own home.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.