Truthfully, the answer is simple. They can't qualify for a mortgage or don't have the funds necessary, or both. At the end of the day everyone has to pay for housing, regardless if your name is on the deed or not. We deal with so many clients who dream of owning a home but don't realize the choices they make only push that dream further and further away. Educating people is the first step, and then helping them understand the process...
Have a great weekend.
CEO & SR Credit & Mortgage Consultant of
Ex-Mortgage Broker of more than 10 years