5 Common Myths About Homeownership Buying a home is an important step in building a secure financial future. But because of some common misconceptions, many people believe homeownership is out of their reach. Don’t let these myths keep you from the personal and financial rewards of homeownership. Myth #1
“I don’t have enough money for a down payment.”
In the past, buying a home required a 20% down payment. But not today. In fact, 7 out of 10 first-time homebuyers make a down payment of 10% or less. Contact us about loan programs that can help you buy a home without a lot of cash, or any at all. Myth #2
“I have less-than-perfect credit, so I can’t get a mortgage.”
A less-than-perfect credit history doesn’t have to stand in your way of reaching your homeownership goals. Team Sandy Blanton has helped hundreds of individuals move beyond credit challenges into homes of their own. We may have solutions for your situation. Myth #3
“It’s less expensive to rent.” In fact, you may be surprised how much home you can buy for the same rent check you're sending in now, especially when you consider the tax advantages of homeownership. And unlike rental costs, your monthly principal and interest payments will stay the same for the life of a fixed-rate mortgage. Myth #4
“I won’t be able to fit a mortgage in my budget.”
Our goal is to help you succeed financially, so we’ll carefully review your loan options with you and help you choose the loan that’s right for you. With a loan that fits your budget and your financial goals, your home will be a powerful tool in building a secure future for you and your family. Sandy is a mortgage broker and can help you through the mortgage process or refer you to someone who can meet your specific needs Myth #5
"Now may not be the right time to buy.” Because home prices historically increase (and only occasionally decline), buying as soon as you’re able is can be a more effective strategy than trying to time the real estate market. Moreover, as a homeowner, you’ll be building wealth as your home equity grows. 
Financing Your Home >FHA Advisory
If you are in default on an FHA-insured mortgage, and the lender intends to foreclose, you should know about the Mortgage Assignment Program. You will have to provide certain information to the FHA to apply for this program.
To be considered eligible for assistance, the home must your principal residence. You must be at least three full payments behind on the mortgage, and the reason for your failure to make the mortgage payments must be due to circumstances beyond your control, such as unexpected unemployment. The FHA must be reasonably certain that you can resume making the payments at the end of 36 months and that the accrued deficiencies will be paid back before taking over the loan.
The Veteran's Administration also has a mortgage assistance program for those who have VA mortgages.
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What site discovered in 1965 is considered the world's oldest known habitation?
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The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago. |
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 You can find great local Pensacola, Florida real estate information on Localism.com Sandy Blanton is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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