Renting is like taking money out of your pocket and watching it disappear, whereas owning is like taking money from your right pocket and putting it into your left.
With that being said, don’t pay another cent in rent to your landlord! But, if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like home. And how could it when you’re not even permitted to bang in a nail or two without a hassle? You probably feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.
But, we’ve got some good news for you; 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 these 6 tips, you will begin to see how you can do it.
You can buy a home with much less down than you think: There are some local or federal government programs (such as 1st-time buyer programs) to help people get into the housing market. You can qualify as a first-time buyer even if your spouse has owned a home before—as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area so they can offer programs to help you with your options.
You may be able to get your lender to help you with your down payment and closing costs: Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.
If you would like to read the rest of the 4 tips that can help you stop renting and buy your first home, order the COMPLETE VERSION of this FREE report! CLICK HERE or to hear a brief recorded message about how to request a copy, call toll-free at 1-800-881-6629 and enter ID #7001. You can call any time, 24 hours a day, 7 days a week.
Your Home SOLD GUARANTEED or We’ll Buy It!* So if you or anyone you know is looking to make a move in the next little while, give us a Call at 703-297-4251.