Rent Advantages May be cheaper than a mortgage payment Fewer (if any) maintenance costs No down payment required (less deposit) No real estate taxes (renters insurance optional) Less stress (who cares,
SFR rentals are fulfilling a need as a stepping stone to home ownership for first-time buyers and as a sanctuary for large numbers of families displaced by foreclosures but who plan to buy again.
Did you short sale your home or did it foreclosure? What was the date that all was completed.
It is going to depend on what happened with the house as to when you will be able to purchase again.
Please call me so I can get some more information from you and be able to point you in the right direction.
Next Level Realty
Hi Michelle, I just answered your other question about the eviction you had 1 year ago.. So you've been on your job 1 year? What did you do before that? I can tell you that FHA requires 3.5% down, and there are other programs you may qualify for that can help bring the minimum down payment lower. Most importantly, there are some questions I have about your credit and income situation. I'd love the opportunity to speak with you and align you down the path of homeownership.. it may not be as difficult as you think. Call me and we'll figure this out!
P.S. I guarantee you'll get a TON of random answers on here tomorrow, etc.. The best thing to do is to call a professional and get a game-plan, rather than random advice from people who really don't know your situation. Best of luck, Michelle!
Horizon Real Estate- Rancho Cucamonga
I am not sure what your question is? Please feel free to contact me and we can discuss your scenario further.
Next Level Realty
DAILY REAL ESTATE NEWS | WEDNESDAY, APRIL 11, 2012More home buyers may jump off the sidelines this spring as they get more urgent about purchasing a home, fearing that home price and mortgage rate increases