With the recent news that interest rates have dropped AGAIN, and that the housing affordability is high, this means that now is the PERFECT, and financially best, time to purchase a home. While teaching a real estate class yesterday, most of the students participating didn’t think they could buy a home. Yet when I asked them why, they just ‘assumed’ they couldn’t.
Remember the ‘assume’ situation from Bad News Bears? When you assume something, you make an a$$ out of U and ME. Well when it comes to purchasing a home, assuming may not make an a$$ out of us, but it could have an extremely negative impact financially. Most people ‘assume’ they can’t qualify for a loan…based upon income or lack of, based upon ‘assumed’ credit, or based upon the fact that they just bought a ‘sweet’ car. Yes, all of these could affect your ability to get a loan and purchase a home, but YOU DON’T KNOW UNLESS YOU TRY!
You don’t know if you can not purchase a home until you check with a REALTOR (insert Scott Deaton here), and talk with a lender. Period! These two individuals will be able to not only determine if you can buy a home, but also determine how much of a home you can buy, and then go find the home. Awesome!
Did you know that it is cheaper to own a home now than to rent? Yes it is. Call me and lets see if you can buy a home while it is the best time to buy one.
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