Most people who rent can actually afford to buy their own homes. So whats stopping them?!?
Many tenants believe that owning a home requires a big down payment. They find it difficult to save for this while continuing to pay regular monthly bills. Others are convinced they can’t qualify for a mortgagethat even if they did qualify, the payments would be too large. Almost everyone is overwhelmed by the legal and financial red tape they believe surrounds the purchase of a home. So, the easy way out is to just keep paying rent! If you see yourself in any of these situations, here are a few facts that can change your mind: Most people actually qualify for a 3% down mortgage but don’t realize it. Some people can actually qualify for a ZERO down payment mortgage! There are special government programs that help first-time homebuyers come up with a down payment. The average mortgage payment costs about the same as the average rent payment. For example, if you are paying rent of $650 per month, you could be paying that amount toward owning a home of your own worth $77,500. This home wo
