Bad Credit and Mortgage Loans, There is Hope for Home Buyers with Poor Credit
You Can become a Homeowner with Bad Credit
Making rent payments is not going to enhance your financial health. Owning a home is one of the first steps in securing you future.
Future home buyers with less than perfect credit can still buy a home, regardless of the subprime mortgage crises. There are companies that specialize in lending to potential home buyers with poor credit histories and FICO Scores. In many ways it is better for home buyers today, home buyers are receiving safe and sound 30-year fixed mortgages with fixed interest rates, rather that the adjustable rate mortgage that helped fuel the real estate crises.
This is one of the best times for a first time home buyer or move up buyer with unbelievable low prices and the best interest rates sin 1971. 2010 is going to be a banner year for those who take advantage of the real estate market. People are taking advantage of the current economic situation to get a home for less money, with a cheaper monthly payment.
Renters Encourage to Apply
Reap the rewards of financial security and profound satisfaction that comes from home ownership. No matter what your credit issues are or have been in the past, there is still hope. Don’t miss out on one of the greatest real estate markets in 25 years.
Reasons to Buy Vs Renting, why it is better to Buy in Stockton and Lodi, California than Rent?
Ø Low down payment: Renter's can buy with little or no down payment: FHA loans are the key to home ownership for many buyers’ requiring only a 3.5% down payment, while veterans can purchase a home with zero down.
Ø Special Tax incentives for home owners.
Ø Homes have not been this affordable in years: Affordability is at an all time high in Stockton and Lodi.. In Stockton prices have declined as much as 50 to 60%. You can buy an existing home for less than it would cost to build.
Ø Low, Low Mortgages Rates: The fix rate loan is the one to apply for rates have not been this low for 20 to 25 years.
Ø Monthly Rent and Home Ownership: According to recent published studies many new home owners are finding the house payment is less than or equal to a rental payment and it even gets better when you add in the tax advantages of the interest rate tax deduction and property tax deduction. Many renters are finding they are taking home more in their paycheck. Talk to your tax advisor for more information.
Ø The Greatest Reason to Buy a Home: It's yours decorate it and landscape it the way you want plus build wealth through owning real estate.
For more information or help in determining if home ownership is for you go to www.hughlilly.com oor e-mail us at thelillyteam@comcast.net .The Lilly Team at PMZ Real Estate has been helping 1st time buyer's and move up buyers for 28 years.
Stockton Neighborhoods: Brookside, Lincoln Village, Morada, Morada Ranch, Beck Ranch Spanos Park, West Spanos Park, Weston Ranch, Port of Stockton, UOP.
Stockton and Lodi Zip codes: 95208, 05204, 95205, 95206, 95207, 92209, 95210, 95212, 95215, 95219, 95242. 95240
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