Are you currently making $ 800.00 or more every month in rent payments? If so, let me show you why it makes good financial sense to STOP PAYING RENT and buy a home. I can show you how to put your money to work for you. With current interest rates, even people with poor credit are buying homes at interest rates that were considered A+ rates in the past. Homes have never been so easy to own. Don't Pay Another Cent in Rent to Your Landlord?
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 an apartment that doesn't feel like yours. How could it? When you are not even permitted to bang in a nail or two without a hassle. You feel like you're stuck in the renter's rut with no way of rising out of it and owning your own home.
Don't Feel Trapped Anymore
It doesn't matter how long you have 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:
Save for a down payment 6 Little Known Facts That Can Help You Buy Your First Home
The problem with most renters is not the ability to meet a monthly payment. Goodness knows that you must meet this monthly obligation every thirty 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 NO Money Down!
In Specific areas there are loan programs when an approved buyer can qualify for 100% financing with no down payment required. You and the home must simply meet the qualifications.
2. You Can Buy a Home with 3% Down
We currently have a mortgage program that will allow a qualified buyer to be approved with as little as 3% down for an owner occupied residence. You can receive the 3% several ways, including in the form of a gift or from an advance on your credit card.
3. You may be able to get your bank to help with the down payment and closing costs.
Even if you do not have enough cash for a down payment, if you own an asset free and clear (such as a car or boat) your bank may be able to grant you a loan by securing against this asset. Again if you qualify, the required down payment may be as low as 3%. (That's only $3,000 down on a $100,000 home!)
4. You may be able to find a seller to help you buy and finance your home.
Many sellers today add 3% to the price of their home so they will be able to assist the buyer with the down payment required to purchase their home. A Realtor would best be able to assist you in finding properties with this feature or help you to negotiate this in your contract.
5. You CAN Buy a Home, even if you have a less than perfect credit rating.
There are many alternative-financing programs available today to help in this situation. The important thing is to meet with a reputable Mortgage Broker for advice. Some lenders will make a loan at a premium rate, while others will require a larger down payment. We can help you decide what is right for you!
6. You can, and should get approved for a mortgage before you go looking for a home.
Pre-approval is easy, and can give you complete peace-of-mind when shopping for your home. We 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 like money in the bank. It entails a completed credit application, and a certificate that shows approval for a mortgage for a specified amount when you find the home you are looking for. Enlisting the services of a mortgage broker can make the difference between obtaining a mortgage and being stuck in the renter's rut forever.
There are other important issues you should be aware of that affect you as a renter. The best way to show you how to get out of your current situation and into a home is to sit down with you, see what you want, and show you how to get it.
We've helped many people just like you make their dreams of home ownership come true. Why on earth would you continue to lose thousands by throwing it away on rent when you could spend a few minutes talking with us so we can learn what your specific needs are, and then show you the best ways for you to stop renting and start owning.
Here's an example :
Based on a $140,000 mortgage loan, financed at a 5.5% fixed interest rate, for 30 years, the principle and interest payment would be approximately $794.90* a month.
So if your ready to stop making outrageous rent and lease payments, and start building your own personal wealth, call us TODAY!
Please Read the following articles and be sure that if you call us we will assist you each step of the way.
Stop fleecing your landlord's pocket, and
Stop wasting thousands of dollars on rent.
*average monthly payment is based on current 30yr. fixed mortgage rates. These rates can and do change. Please call for current mortgage rate information
