I hear this all the time from potential buyers. “We’ve been looking for several years but… “ This typically is followed by “we’re saving for a down payment”, “we’re about to have a baby and can’t afford a home at this time”, “we want to pay off out debt before purchasing a home”, “we have bad credit.” If you’ve said these things and are still thinking, and searching, for a home. Stop!
Unless you actually know you will reach whatever goal you’re trying to obtain by having an actual plan to obtain the qualifications you’ve set, with a deadline date and a penalty for not making the goal, you’re not actually trying to obtain the goal. Whatever the goal is. Below are 6 myth busters to owing a home.
- You can buy a home with much less down than you