Is the idea of having a home of your own becoming more important to you?
It’s totally understandable that you reach a point where you don’t want to rent anymore or you want a home that better reflects your needs and wants.
When you purchase a house, a condo, or a town home, you are not just buying a place but a “home” where you can put down roots, make it truly yours, and create a life.
Paint that wall any color you desire. Put all the holes you want in the walls. It’s all yours now!
Think You Can’t Buy Right Now? Think Again…
If you are hesitant about moving forward because you aren’t sure if you are “ready,” my series is just for you — The 5 Most Common Home-Buying Myths BUSTED.
Anything you think is in your way can be removed if you want to be a homeowner. You’ll find out that some commonly perceived roadblocks are only myths, and don’t need to delay your dreams anymore.
Let’s Bust Some Myths – A 5 Part Series
Over the next several weeks, I’ll be debunking common myths that many would-be homeowners think are standing in their way and providing you with the honest truth about whether any should stop you from moving forward with becoming a homeowner.
Here’s a rundown of topics that will show you how to buy a home affordably, without leaving you house-poor or full of regret.
Look out for the next five weeks for each of these articles below:
How to Buy a Home Even With Student Loan Debt
Myth: I can’t buy a home because I have too much student loan debt.
Truth: You can buy a home even with student loan debt, and there are even special types of loans for people like doctors who have way more school debt than most of us.
For this week, you’ll learn ways you can work with lenders and look into assistance programs that can make owning a home affordable and very doable.
How to Find Money for Your Down Payment, When You Don’t Have Much Savings
Myth: I don’t have 10% or 20% to put down; I need to keep saving.
Truth: There are all sorts of responsible ways to find money for your down payment, and, depending on your income (the lower the better), there are specific loan programs that require as little as 3% down to buy your first home.
For this week, you’ll see that even with stricter lending requirements now, there are ways you can find cash for your down payment, and it shouldn’t be too daunting for any first-time buyer.
Don’t Be Derailed By Your Credit Score
Myth: I need a high credit score in order to buy a home.
Truth: There are benefits to having a high credit score when it comes to buying a home, but there are loan programs and options for people who have less than perfect credit.
There are ways to improve your credit score quickly, and things you should avoid that could hurt your score. For this week, I’ll clear all this up for you and let you know how to get your credit score up quickly, and also what loan programs will work for those whose score can’t get any higher.
Renting vs. Buying – Your Break-Even Point Is Sooner Than You Think
Myth: My life is in flux, so I shouldn’t buy. I’m not sure if I’ll be in this location for long. What if I meet someone, get a different job, and my life changes?, It’s better if I wait to figure all that out first.
Truth: You don’t have to live in your first home forever for it to be a good idea. You can still get the benefits of owning a home—tax deductions and equity instead of throwing your money away in rent.
For this week, you’ll learn what you need to consider when it comes to your time frame and what other factors make buying a financially sound decision for you rather than renting.
The Benefits of an Investment Property
Myth: If I’m not going to live in the property for a long time, it doesn’t make sense to buy.
Truth: Buying a home and living in it for a few years can lead to a great investment property.
Have you ever considered renting out a home as an investment property? For this week, consider exploring why this option might be suitable for you by looking at potential expenses and long-term profits. You’ll also learn what you need to consider before you start looking at properties.
Let’s Determine What’s Right For You
I am excited about this series and hope to inspire those who aspire to become homeowners. I realize buying a home is not the right move for everyone at certain times. We can discuss how to know when the time is right for you, and that it’s okay to go slow.
However, I also know that there are many people out there who want to buy a home, and one of these myths may be holding you back. If you have a dream of owning a home of your own, I want to separate fact from myth and help you move forward if possible. If that’s you, reach out to me and we can help make this dream a reality for you.
Chances are, it’s more possible than you might think.
