Blue Home Loans Team Helps Borrowers Avoid Home Buying Misconceptions

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Blue Home Loans reacts to the recent survey outlining the barrier many potential borrowers face due to misinformation regarding the home buying process by providing informative online articles and tools, and access to their expert loan consultants who will help disperse any misconceptions.

Blue Home Loans, Inc. is a California based full-service mortgage company that has been helping CA home buyers and owners to find the best home loan programs, rates and closing costs for many years. The Blue Home Loans team, headed by father and son Robert and Brandon Blue, is dedicated to serving its clients with honestly, integrity, and competence. A recent survey sponsored by Wells Fargo & Company revealed that many potential home buyers are being hampered from realizing their dreams of homeownership by misinformation and misconceptions regarding the home buying process. The team at Blue Home Loans, Inc. seeks to clear up the misconceptions by providing accurate information regarding the loan process and carefully explaining their home loan options to their clients.

A September 15th report posted on Mortgage News Daily gives more information on the recent survey. It says, “Lack of knowledge and misinformation may be discouraging Americans from buying a home according to a recent survey sponsored by Wells Fargo & Company. The survey, conducted in June by Ipsos Public Affairs, found that many prospective homebuyers do not take the plunge because of uncertainty about their ability to qualify for a mortgage or about navigating the homebuying process.” The same article further explains, “When it comes to buying a house 74 percent of respondents surveyors that they 'know and understand' the financial process involved, but other responses indicated that this may not really be the case.”

“For example, Wells Fargo said that, while 68 percent of Americans feel it is now a good time to buy, almost a third - 30 percent - of survey respondents think that only individuals with high incomes can obtain a mortgage and 64 percent believe that someone must have a "very good" credit score to buy a home. In addition, "The survey found that while 64 percent claimed to be knowledgeable about downpayment requirements, 44 percent think that a minimum of 20 percent is required and a lack of these funds was cited by respondents as one of the biggest barriers to owning, especially for millennial respondents, age 18 to 34. Forty-four percent also admitted to knowing little or nothing about closing costs for a home purchase and about half said they feel they lack access to homes that meet their needs financially.”

The Blue Home Loans team is aware that buying a new home is a very big step and financial responsibility, and it may not be for everyone. However, there are many people that want to buy their own home but choose not to because of the misconceptions that abound concerning home loans. In reality, homeownership may be very much in reach for these people, given the right home loan program and lender. The California mortgage company has been helping its clients to save money on their home loans for many years, and continues to thoroughly explain any and all questions borrowers may have concerning their loans so that they can go into their home buying process fully informed and prepared.

A Blue Home Loans review from a Santa Clara resident says of co-owner Brandon Blue and the team,

“Great experience! After a frustratingly disastrous attempt to refinance through our then existing mortgage company I was referred to Brandon by a coworker. Brandon assured me that the process needn't be so unpleasant and we quickly got started--and it couldn't have gone smoother. Every question I had was quickly answered and he and his team were there to help every step of the way.”

Blue Home Loans can help California borrowers who are looking for the best rates, lenders and loan programs to find exactly what they need so that they can take advantage of today’s lowest mortgage rates and save money on their loans. As the Blue Home Loans website states,

“We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.”

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate -- BRE #01938557 NMLS #1162386

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