Home buyers in today's market: "Oh I definitely can't afford that!"
Are you scared to take the plunge and become a homeowner? You’re not alone. Many potential home buyers are scared that they won’t be able to afford homeownership.
The truth is that homeownership is within reach. The interest rates for mortgages are still low, and the process for getting preapproved for a loan is much easier than you might think. Let’s look at the facts: your rent is 100% interest. That’s money that you’re never going to get back.
A mortgage, on the other hand, is an investment. Sure, the interest rates are higher than they were in the past, but they are still much lower than 100%. That makes it a much better option if you’re looking to become a homeowner.
The fear of rejection is a real worry for many potential home buyers. But that doesn’t mean that your dream of homeownership is out of reach. If you get told no by one lender, that doesn’t mean that you won’t be able to get approved by another. The key is to keep trying and keep looking for the right loan for your needs.
If you get told no, it’s not no forever. It’s no for today, with a plan to turn it into a yes and a preapproval for your dream home! Contact me today, and I will be happy to help you find a local lender to help you start your home-buying journey!
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