Frequently Asked Real Estate Questions-Ep. 7

Could I buy a home instead of renting?

I recently read an article that said the number one reason people tend to rent instead of buy is because they “assume” or are “scared” that they cannot qualify for a loan to purchase a home. That got me thinking…I bet that is true. I remember back to when I purchased my first home, I knew nothing about the process. I did not think I could purchase a home either. Thankfully I learned that it was possible. Times have changed but there are still first time home buyer loan options available, that allow you a small down payment and a great rate.

Before you sign your next lease to rent, just take the time to meet with a mortgage loan specialist to see if it is possible for you to qualify to purchase a home. If so, they will help you determine the purchase price you qualify for with the payment your are comfortable with. People are often surprised after they see the type of home they could purchase with what they are currently paying monthly in a rent payment.

I know some top notch mortgage loan specialist that will meet with you and help get you on the way to owning your own home. Call, email or text me for a referral.