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Friday, August 17, 2018

Time for Your First Home?

Wondering If You Can Buy Your First Home?

Not made a decision yet? Perhaps a belief that you must have 20% down? Name any number of reasons for hesitation, but the bottom line is if you do not try, you will not know. More than ever, the phrase “just do it” applies. Talk to a professional and find out if you qualify. If not, find out what you need to do to qualify. You would be receiving the advice of real estate and mortgage professionals who are licensed, trained and do this every day.

I was looking at the chart in today’s report. Single women investing in their own home lead men 18% to 7% of first time buyers. WOW – more than double! Guys – what are you waiting for? The number of unmarried couples buying in is 16% - so ladies, right now you appear to have the lead.

Whatever your situation, if you want to buy a home, call me. Let’s talk about it.


You DO NOT Need 20% Down to Buy

About half of Americans are said to believe you need 20% down to buy a home. YOU DO NOT! Over 60% think you need an excellent credit score. YOU DO NOT! FHA mortgages closed with an AVERAGE score of 676. Wait until you read the next section on how much (I mean how little) money was put down.


Put Down Less Than 6%!

In March 2018, 71% of first time buyers put down less than 20%. 61% put down less than 6%. Seriously folks, you do not need 20% down to get in your own home. Ready now?