5 Good Reasons Why You Would Want To Purchase Your Own Home!
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If you are are renting: You are throwing your money away each month!
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You are building NO equity (money you make when property values go up)
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You have NO TAX ADVANTAGES: Throwing more money away
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Your home can be PERSONALIZED without penalty!
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You are paying for someone else's benefit not yours
DO YOUR HOMEWORK
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Are you financially ready to purchase your new home?
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Have you maxed out your credit?
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Have you bounced checks?
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No money saved?
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Low credit scores 580 below
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30 day late on credit report?
You are not ready!!
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Great credit shows a history of paying bills on time
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Been on your job more than 2 years or if you were school and graduated, entered the job force in the field you received your degree in you may be ready
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Money saved in the bank (Seasoned funds) not barbecue seasoning
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Credit score 580 and up preferably 620 and up
You may be ready to purchase that house!
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Once you have checked these few items: Find a reputable lender
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Banks
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Credit Unitons
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Mortgage companies
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If you don't want know where to look, ask someone who has purchased a home if they know of someone they can recommend or check with PWA Real Estate Team Inc.) to recommend a good lender. Tell them you want to know if you are in the position to purchase your first home.