"Everyone buys a home….Some buy it for themselves and some buy it for their 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 in a place that doesn't feel like your own. Why should it when you're not allowed to bang in a nail  without a hassle? You feel like you're stuck in the renter's rut with no way of getting out.

So - you've always wanted to own your own home but you feel trapped in the rat race called "renting" . You feel limited in making your place look like home because you might get charged for a nail hole or a colored wall. Is there a way to escape this circle?


The first problem most renters face is saving enough money for a down payment.  Here are five facts that many renters don't know:

  1. It takes less money than you think.  Government loan programs such as FHA allow down payments as low as 3%!  Many veterans can buy a home with zero down payment.   There are programs from local and federal agencies that provide special rates for first time home buyers.  Newly introduced programs allow borrowing 100% of a home's value for buyers with good credit history. Barb can help you find a mortgage company with the right plan for you.
  2. Many sellers are willing to help with financing, including your down payment and closing costs.  Seller financing becomes more readily available during certain times of the year and during uncertain economic conditions.  This technique may allow you to afford a larger home than would be possible with conventional methods. Even in an active market, there are sellers willing to help if their home has proven difficult to sell. Barb can help you find a home that may offer creative financing.
  3. Some buyers can use existing retirement accounts to partially finance their home.  You may be able to borrow against retirement funds (IRA, 401k, etc.) to fund your down payment.  This option is available due to the strong investment value of most real estate.
  4. Buyers with past credit issues can buy a home.  Due to current low interest rates, even "high market" rates can be very attractive.   You can refinance at a lower rate after you've improved your credit rating by making regular payments on the initial loan.
  5. Getting pre-approved for your mortgage is a critical first step.  Lending instituitions will issue a written pre-approval that certifies your credit and your pre-approved lending limits, which strengthens your negotiating position with many sellers.  There is usually no cost or obligation for pre-approval.
As you can see, there are many important steps that can take you from renter to homeowner. Why pay thousands to someone else and miss the rewards of owning your own home?  Take a few minutes to talk to Barb about your specific needs and she'll set up a plan to guide you towards home ownership. This conversation is free and you are under no obligation whatsoever. Do yourself a favor and learn about renting versus buying!


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