Would you like to own the home you always wanted for you and your family? If your answer is YES, I can show you how!
Think about it! You are paying your landlord from $12,000 to $22,000 dollars per year (or more) in rent. Instead of that,
- You could be putting your money into your own home instead.
- You could be building equity – something that belongs to you and grows in value over time.
- There are tax benefits for being a homeowner.
But, there are some roadblocks to homeownership too!
- Not having enough cash for a down payment
- Not being able to get approved for a mortgage loan
- Not being able to find a home within your budget
- Not having good enough credit to qualify for financing.
Here are some ways to get past these roadblocks.
With the confusion about the types of mortgages, interest rate options, discount points, closing costs and down payment amounts, you need to rely on someone who SPECIALIZES in mortgage lending- not the advice of well-meaning friends and family.
Don’t let this happen to you…
- Betsy and Andrew were tired of paying rent and having nothing to show for it. On the way to the grocery store, Andrew saw an open house sign, with a bunch of balloons tied to it, lots of cars in the driveway–and decided to take a peek.
- It was perfect for them. He made an appointment with the real estate agent for him and Betsy to go back the very next day. They made an offer. It was accepted! They told all their friends.
- They wanted to buy that home, but they were worried that they would not get approved for the loan. They had just bought a new car. One of their credit cards was at its limit. Betsy had just started a new job about 6 months ago. And they had no money saved for a down payment. They were afraid that they would not get approved to buy the home of their dreams, and it turned out their fears were justified. Their loan was declined because their debt ratio was too high, the lender couldn’t count Betsy’s income because she hadn’t been in her job long enough, and because they didn’t have enough money saved for even the minimum down payment required to get the loan.
This doesn’t have to happen to you. The way to avoid what happened to Betsy and Andrew is to know and understand your options before you even think about looking for the home you want to buy. And most importantly, know how much house you can buy before you try to buy one!
You want to put yourself in a position where you can be certain of your ability to obtain financing approval before you start looking for a home. All of us on the Bjornson Team are dedicated to helping people find the answers they need, so they know all these things:
- How to buy a home with little-known financing options
- How to be pre-approved for a mortgage ahead of time — even if you’ve had credit problems in the past
- Why all banks and mortgage companies are not alike
- Rates and closings cost are not the same everywhere
- How your income will be used to figure the payment you can afford
- How to negotiate with the seller to get your home for the lowest possible price, given current market conditions
- How to work with credit counselors if your credit has been damaged
- How to choose the loan program that will work best for (there are many, and some you’ve probably never heard of).
- Why you need to use a “Buyer Broker” type of real estate agent to help you buy your first home.