…..The Catch 22
Here’s the Situation: You think you don’t have enough money saved to purchase a home, so you’re renting for a few more months… or even years.
But here’s the Problem: The cost to rent is steadily increasing; however renter’s total income is not. In turn, a higher percentage of income goes towards rent and ...
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There are so many questions that come up when considering the purchase of a home. See if this sounds familiar; “I’m not sure we could qualify”… “We don’t have any money for a down payment” … “My credit isn’t very good”…or maybe it’s as simple as just not knowing if purchasing is the best decision.
These are all very legitimate questions that need to be addressed. Most young people want to buy a house at some point, they just ...
Continue Reading →This is probably the biggest misconception. While it used to be true that you needed a large down payment, this is no longer the case. In the mortgage industry, there’s always a great new product just around the corner that benefits the consumer. The latest of these to surface is the “zero down” mortgage. This mortgage seems to suit two decidedly different types of borrowers:
Let’s take a look at them individually: