If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours.
It’s a dream we all have - to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. Not allowed to have a pet or decorate to your style. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.
Don’t Feel Trapped Anymore
It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. The truth is, there are some little known facts that can help you get over the hump, and transfer your status from renter to homeowner. With this information, you will begin to see how you really can:
• buy with ZERO DOWN
• stop lining your landlord’s pockets, and
• stop wasting thousands of dollars on rent.
6 Little Known Facts That Can Help You Buy Your First Home
The problem that most renters face isn’t your ability to meet a monthly payment. Goodness knows that you must meet this monthly obligation every 30 days already. The problem is accumulating enough capital to make a down payment on something more permanent.
But saving for this lump sum doesn’t have to be as difficult as you might think. Consider the following 6 important points:
1. You can buy a home with ZERO DOWN
You can even get 3% cash back to boot. Example: you purchase a $200,000 home with Zero Down and you get (3%) $6,000 dollars back, to use for closing costs or upgrades, whatever you choose!
2. You may qualify for a government loan to buy a home
You can get a loan with little or no down payment, little or no closing costs, and they’re easy to qualify for.
3. You may be able to find a seller to help you buy and finance your home
Some sellers may be willing to hold a second mortgage for you as a seller take-back. In this case, the seller becomes your lending institution. Instead of paying this seller a lump sum full amount for his or her home, you would pay monthly mortgage installments.
4. You may be able to create a cash down payment without actually going into debt
By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.
5. You can buy a home even if you have problems with your credit rating
There are some great new programs that will enable you to buy a home with no money down, even if you've experienced some credit problems. Former bankrupts need a fresh start, and we can help find a lender that is willing to work with you. Applicants with explainable credit problems need guidance to turn things around. If you can demonstrate your intention and ability to repay, there are ways to get you back on the right path.
6. You can, and should, get pre-approved for a home loan before you go looking for a home
Pre-approval is easy, and can give you complete peace-of-mind when shopping for your home. I can help you find a lender to obtain written pre-approval for you at no cost and no obligation, and it can all be done quite easily online. 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.
There are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when you 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.
So when you're ready to explore your options, give me a call or send me an email. I would be happy to help you in any way I can.