How to stop being your landlord’s favorite charity and own your pad in less than 90 days.
Ever heard the phrase “Stop paying your landlord’s mortgage”? Of course, you have! But if you're like many renters I chat with, you’ve probably got a handy list of reasons you're not sprinting towards homeownership. Let me guess: high interest rates, the mythical journey of saving for a down payment, and the fear of emptying your piggy bank, right? Valid, but let’s sprinkle a little perspective on those concerns.
Interest Rates: It’s Not a Lifetime Commitment
Think of your interest rate as that person you’re kinda, sorta dating. You’re not ready to get matching tattoos, but you’re enjoying the dinner dates. Remember, you’re not marrying the rate! Plus, ask yourself, what’s the interest rate on your rent? Spoiler alert: it's like throwing a love letter into a black hole – no return on investment. Renting means you’re in a very committed relationship with giving away your money – you're basically funding your landlord's dreams, from their mortgage to their Caribbean vacations.
The Savings Saga: Where Does All My Money Go?
Now, onto the big savings drama. Is it really that hard, or are those daily lattes and impulse buys at the gas station holding you hostage? Here’s a novel idea: jot down your expenses. Yes, really. You might discover your money’s been sneaking out for late-night parties without you. If cutting your non-essential spending in half sounds too ambitious, let's start simpler. Shave off just a bit – swap a few of those spendy habits for a piggy bank party. And hey, every little bit counts when it's going towards your future home.
Before you tell me about the Herculean effort it takes to save only to dread emptying that account at closing, let’s talk about down payment assistance. It’s like the fairy godmother of home buying – there to ease your worries about draining your hard-earned savings. Programs vary by state, but in Michigan, MSHDA’s waving its magic wand for many of my clients. And don't fret if you're out of the mitten state; OneTrust Home Loans has got your back, no matter where you call home.
It’s Not About Giving Up, But Starting Up
I get it. “But I have kids,” “I’m too busy,” or “It’s just not the right time.” Sounds like a perfect moment for a side hustle that fits into your life like that one puzzle piece you’ve been trying to place for hours. Not forever, just for now. And when it comes to down payment assistance, it’s like finding a bonus level in your favorite game – it propels you forward, making the dream of homeownership not just a possibility but a reality.
So, let’s wrap this up: Are you ready to break up with renting, swipe right on saving, and flirt with financial freedom? Let’s turn those homeownership dreams into your next big move – literally. Remember, it’s not just about finding a house; it’s about unlocking the door to your future. To learn more about down payment assistance, click the “Down Payment Assistance” Tab and as always, I am here to answer questions! Call or Text me with your mortgage questions 616-581-6123 - If you are ready to see if you qualify, head over to the home page and click on Apply Now! My process is easy. Once you have completed the application, provided a full 2 years of employment history, and uploaded your last 2 pay stubs and your last 2 years of W2’s - I will do a “Soft-Pull” Credit Report. This will not have a hard inquiry impact on your credit. This way we can see where you are and if you qualify prior to that hard inquiry.
*no part of this blog should be considered a Pre-qualification, Pre-Approval or legal advise. I am a licensed mortgage loan originator, happy to assist you on your journey to home-ownership.
CalCon Mutual Mortgage LLC, dba OneTrust Home Loans is an Equal Housing Lender NMLS #46375; 3838 Camino del Rio N Suite 305, San Diego, CA 92108.Corporate phone (888) 488-3807. For more licensing information visit: https://onetrusthomeloans.com/licensing-information/. All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change without notice. This is an Advertisement.