Are You Scared To Buy Your First Home?
Boo! Did I scare you? Today, many first time home buyers are frightened of the home buying process and they don’t want to find out if homeownership is right for them. Rates are still the lowest ever and there are a ton of bargain basement deals on homes still out there but homebuyers have been coming up with all kinds of reasons not to buy a home right now which includes: (1) No Money for down payment and closing costs (2) Bad credit (3) Job Uncertainty (4) Overwhelmed by process and don’t know where to start. The home buying process can be scary and you may not think you can afford to purchase a home but how will you know if don’t try to find out if the American dream of owning a home is possible?
First of all, there is still zero to low down payment programs available which you can get a gift for the down payment and the seller can pay for most or all of the closing costs. Second, if you have bad or marginal credit you can do something to fix it and probably still be able to purchase a home within the next 6 months to 1 year. Third, everybody on the planet is feeling uncertain about their job situation but you must remain optimistic that you will be able to hold a job and pay your bills. You must pay your rent no matter what and if you can purchase a home with a mortgage payment comparable to your rent then why wouldn’t you want to own a home?
Furthermore, there are many landlords who are not maintaining their properties and some are not making payments on their mortgage. The county sheriff could come knocking on the door one day and say you need to move which is a frightening proposition.
Finally, I know the steps in buying a home can be daunting buy you need to talk to an experienced first time home buyer specialist who can lay down the road map to owning your first home. Interest rates and home prices will not stay down forever and you owe it to yourself to find out if you can make owning a home a reality. You can contact one of our first time home buyer specialists today at 847-516-5743 or fill out the short loan pre-approval application and we will contact you soon. Don’t be scared, we won’t bite.