💸 Creative Ways to Afford Your First Home 💸
It’s a tough time for rookie homebuyers – but don’t despair. By using a few creative ideas, you can still make your homeownership dreams come true.
🏡 Cover part of your mortgage by getting a roommate or leasing out your garage.
🏡 Consider buying a home with friends or family members.
🏡 Ask loved ones for help with your down payment or closing costs.
🏡 Look for special programs and assistance.
🏡 Expand your home search to new areas and rethink your requirements.
Check out my latest blog post for more creative ideas you can use to afford your first home!
A lot of people are asking if now is the right time to buy a home or if they should wait until mortgage interest rates go down.
In this episode of Live-Laugh-Learn, hear from mortgage lending professional Mike Solorio, of Prime Lending. I ask him the questions I hear most from my clients who are considering a home purchase.
Get answers to questions like:
*Since interest rates have doubled in the last year, my mortgage payment will double, too, right?
*Should I just wait for interest rates to go back down?
*What’s going to happen next in the San Diego real estate market?
*What if I only plan to live in the home for a couple years?
Then, watch the other videos in this playlist (https://www.youtube.com/playlist?list=PLaYJ3dSMSsMxhcExD4T-7XXTUJAYgyp5Y) for answers to other frequently asked questions, such as “What’s a 3-2-1 buydown?” and “Can I qualify for Affordable Housing assistance?”