Whats Stopping You From Buying

Whats Stopping You From Buying

The majority of tenants say they’d like to own a home but continue to pay rent and missing out on financial and emotional advantages. There seems to still be a lot of misinformation in the marketplace.


Questions2.jpg

There are a number of programs for low or no down payment options. Veterans can get into a home with no down payment or closing costs. In qualifying areas, USDA has zero down payment programs. FHA requires 3.5% down payment and there are conventional programs for as little as 3% and 5% down.


People with credit issues need expert opinions about their specific situation. Borrowers with bankruptcies or foreclosures may be eligible to purchase again after certain periods of time. There are short-term fixes for some types of credit problems. There is an extended list of individual issues that a skilled mortgage professional may be able to overcome.


Most tenants realize considerably lower cost of housing by owning once the appreciation, amortization and tax savings are considered. The savings in the first year alone could easily be more than the down payment required.


Plug in your own numbers in a Rent vs. Own to see what your real cost of housing may be. Contact us for a recommendation of a mortgage professional who can give you accurate information about your situation.


Rent vs Own InTouch 7-15.png


Melissa Hardman Headshot
Author:
Phone: 319-269-0304
Dated: July 22nd 2015
Views: 931
About Melissa: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Your Tenants Will Send Your Kids To College - Parents, with children getting
At Least Consider A Shorter Mortgage - Affordability and stability are
Spacious And Inviting Fieldstone Home In Cedar Falls - Elegant and inviting! From the
Things That Kill Your Credit - Some people take their credit for

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Oakridge Realtors: Licensed in Iowa
3313 Terrace Drive
Cedar Falls, IA
319-238-6560
319-277-5005