The problem that most renters face isn’t their ability to meet a monthly payment. Goodness knows that you must meet this monthly obligation every 30 days already paying rent.
You can buy a home with much less down than you think.
There are some local or federal government programs (such as 1st time buyer programs) to help people get into the housing market. You can qualify as a 1st time buyer even if you owned a home before. Ensure your Realtor is informed and knowledgeable in this important area and can offer programs to help you with your options.
You may be able to get your lender to help you with your closing costs.
Even if you do not have enough cash for a down payment, closing cost, your lending institution may be able to help you.
We may be able to find a seller willing to finance your home.
Some sellers may be willing to provide financing or assist with your closing costs for your mortgage.
Pre-approval is easy, and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written pre-approval for you at no cost and no obligation, and it can all be done quite easily over the phone. More than just a verbal approval from your lending institution, a written pre-approval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for. Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. There is no cost to inquire.
Time to take action
There are many important issues you should be aware of that effect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent, contact me so we could take a few minutes to discuss your specific needs so that you can stop renting and start owning.
This conversation costs you nothing. And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.