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Report 8
6 things to help you stop paying rent and own your own home
Don’t pay another cent in rent to your landlord….
It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.DON’T FEEL TRAPPED ANYMORE
It doesn’t matter how long you’ve 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 landlord’s pockets, and • stop wasting thousands of dollars on rent.6 things you must know before obtaining a mortgage
The problem with most renters is not the 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 doesn’t 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 usually special local or federal government programs to help people get into the housing market. You can qualify with as little down as 5% of the purchase price. It’s our business to stay informed and knowledgeable in this important area, and we’ll gladly explain existing programs to help you understand your options.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 with security 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 instalments.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 lending 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 shopping for your home. Mortgage brokers 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 you’re looking for. Mortgage brokers are the best-kept secret in the industry. While enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever, you don’t pay the broker for his or her services, as they are paid by the lender. This valuable service is extended to you at absolutely no cost and no obligation. If you would like a list of area mortgage brokers, just give us a call. There are other important issues you should be aware of that affect you as a renter. The best way to show you how to get out of your current situation and into your own home is to sit down with you, see what you want, and show you how to get it. We’ve helped hundreds of people just like you make their home owning dreams come true. Why on earth would you continue to lose thousands by throwing it away on rent when you could spend a few minutes talking with us so we can learn what your specific needs are, and then show you the best ways for you to stop renting and start owning. This conversation costs you nothing. And, of course, you don’t have to feel obligated to buy a home now. 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.Knowledge + Experience + Teamwork = Results
Call Jim or Cathy at 519-886-6612 or e-mail
© Lorem ipsum dolor sit Nulla in mollit pariatur in, est ut dolor eu eiusmod lorem
Report 8
6
things
to
help
you
stop
paying
rent
and
own
your own home
Don’t pay another cent in rent to your landlord….
It’s a dream we all have – to own our own home and stop paying rent. But if you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home.DON’T FEEL TRAPPED ANYMORE
It doesn’t matter how long you’ve 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 landlord’s pockets, and • stop wasting thousands of dollars on rent.6 things you must know before obtaining
a mortgage
The problem with most renters is not the 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 doesn’t 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 usually special local or federal government programs to help people get into the housing market. You can qualify with as little down as 5% of the purchase price. It’s our business to stay informed and knowledgeable in this important area, and we’ll gladly explain existing programs to help you understand your options.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 with security 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 instalments.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 lending 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 shopping for your home. Mortgage brokers 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 you’re looking for. Mortgage brokers are the best-kept secret in the industry. While enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever, you don’t pay the broker for his or her services, as they are paid by the lender. This valuable service is extended to you at absolutely no cost and no obligation. If you would like a list of area mortgage brokers, just give us a call. There are other important issues you should be aware of that affect you as a renter. The best way to show you how to get out of your current situation and into your own home is to sit down with you, see what you want, and show you how to get it. We’ve helped hundreds of people just like you make their home owning dreams come true. Why on earth would you continue to lose thousands by throwing it away on rent when you could spend a few minutes talking with us so we can learn what your specific needs are, and then show you the best ways for you to stop renting and start owning. This conversation costs you nothing. And, of course, you don’t have to feel obligated to buy a home now. 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.Knowledge + Experience + Teamwork = Results
Call Jim or Cathy at 519-886-6612 or e-mail