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Posted over 7 years ago

Do not count yourself out without discovering your real options

 Many new investors count themselves out of the game without knowing all the facts. The two biggest reasons I hear are:

"My credit score is not high enough."

"I do not have enough money for a down payment."

My first question is "Did a professional mortgage broker tell you that?" To that nine times out of ten, the answer is a quick "No."

Do not make this mistake. Talking to professionals will give you a big picture of all the options available to you. If there are no immediate options, these specialists will help you establish a plan to move you towards your real estate goals.

Check out the following infographics to get an idea of what waiting will cost you:

Normal 1480882388 Buyers Slide21

(Infographic that illustrates the real cost of waiting)

Normal 1480882373 Buyers Slide10

(With a typical purchase of 250,000 the average homebuyer may accumulate 46,326 in wealth over 5 years. This is just 1 simple purchase. What potential do you have as an investor purchasing multiple properties?)

Normal 1480882357 Buyers Slide16

(Projected interest rates for 2017. If you are financing a property higher rates will impact the amount you will be qualified for. Higher rates = smaller loan amount)

Normal 1480882438 Buyers Slide27

(While interest rates go higher, lowering the amount you can qualify for, home prices will also be rising. This will make some properties that are available to you currently out of reach in the future)

Let me wrap this up by again stating: Your future is slipping away, DO NOT COUNT YOURSELF OUT if you do not have the full picture. Waiting will cost you a lot of money. Do not do it if you can make a purchase a reality.

Reach out to professionals in your area that take the time to educate, instead of just trying to sell you.



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