Dont Feel Trapped Anymore
It doesnt matter how long youve 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 this
information, you will begin to see how you really can:
- save for a down payment
- stop lining your landlords pockets, and
- stop wasting thousands of dollars on rent.
The problem that most renters face IS NOT your ability to meet a
monthly payment. Goodness knows that you must meet this monthly obligation every 30 days already. The problem is accumulating
enough capital to make a down payment on something more permanent.
But saving for this lump sum doesnt have to be as difficult as you might think. Consider the following 6 important points:
1. 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.
If you think you don't qualify, THINK AGAIN! Pick up the phone and call Ginger Hopp, she will find you the lender that will
say YES. Ensure your real estate agent is informed and knowledgeable in this important area or
contact Ginger Hopp for your personal consultation and Free Pre-qualification. Then start shopping for your own home
and stop paying your Landlords mortgage.
2. 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.
3. You may be able to find a seller to help you buy and finance your home
Some sellers may be willing to hold a second mortgage for you as a seller take-back. In this case, the seller becomes your
lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage
installments.
4. You may be able to create a cash down payment without actually going into debt
By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for
yourself that you can use as a down-payment. While the money borrowed for these investments is technically a loan, the monthly
amount paid can be small, and the money invested in both home and investment will be yours in the end.
5. You can buy a home even if you have problems with your credit rating
If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lend-ing institutions
will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.
6. You can, and should, get pre-approved for a home loan before you go looking for a home
Pre-approval is easy, and can give you complete peace-of-mind when shop-ping for your home. Mortgage experts can obtain
written pre-approval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just
a verbal approval from your lending institution, a written pre-approval is as good as money in the bank. It entails a completed
credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home youre
looking for. Consider dealing only with a professional who specializes in mortgages. Enlisting the services of Ginger Hopp
can make the difference between obtaining a mortgage, and being stuck in the renters rut forever. Typically there is no cost
or obligation to inquire.
There are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to
lose thousands by throwing it away on rent when with an agent like Ginger Hopp, you could take a few minutes to discuss
your specific needs so that you can stop renting and start owning.
This conversation costs you nothing. And, of course, you shouldnt have to feel obligated to buy a home
at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy
a home, think how prepared and relaxed you'll be when you are ready to make this important step.
Set up your Free Consultation with Ginger Hopp, who is a Realtor
and a Loan Officer. Don't be left in the dark, hire an Expert, Team-Hopp
and you will have peace of mind. For your private private
appointment (after hours are available). Call right now, 24-hour hotline, (707) 790-0022 and leave a detailed message
(up to 7-minutes).
QUESTIONS?
E-mail THE TEAM:
I will exceed all of your
Real Estate expectations!
