Are You Sick and Tired of Paying Rent Each Month

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In summary, renting only helps your landlord, not you and your family. By paying down your credit cards and high interest consumer debt while searching for 100% financing options, someone paying rent can be a homeowner faster than ever in today’s real estate environment. A new homeowner will enjoy the benefits of equity appreciation, tax deduction, freedom and security. WhyKeepPayingRent.com is a free mortgage website. It allows renters, new homebuyers, and homeowners to receive free information on the mortgage process. How To Stop Paying Rent and Own Your Own Home is just one of many.

Lawrence Wallace of United Mortgage Funding has just released a unique mortgage website entitled http://www.WhyKeepPayingRent.com. This amazing new website provides valuable free consumer mortgage reports and insider information to help renters, new home buyers, move-up buyers, sellers, and homeowners who are looking to refinance. The reports help unsuspecting consumers avoid the costly mistakes that some mortgage brokers never bother to discuss during the mortgage process.

Renting is like shredding your money each month. You make your landlord rich, but you do nothing to improve your own financial position. By putting those same dollars into a house payment instead of rent you create real value for yourself and family.

As soon as you make the decision to purchase a home, you should start paying off as much of your high interest credit card and consumer debt as possible. It’s a common mistake for new home buyers to focus only on saving up as much money as they can for their down payment. A better approach is to use the extra money to pay off or pay down your consumer debt and high interest credit cards. This approach will help raise your credit score, allowing you to receive a better interest rate, which will save you thousands of dollars over the life of the loan.

Although saving up for a down payment is helpful, it’s not required. If you have been held back by the idea that you have to save up $10,000, $20,000 or more to buy a quality home you must read further. There are loan programs available that will help you avoid putting money down altogether.

Today there are 100% financing options for almost every credit situation. Programs are available even if you can’t document your income (for example, if you are self employed). The Seller can also help to contribute toward closing costs. There’s also the “Piggyback” loan. 80% first and 20% second to cover 100% of the purchase. This avoids mortgage insurance as well. You only have to pay closing costs. And you can negotiate to have those paid by the seller.

Last but not least is a Down Payment Grant. This solution has helped families across the United States to take part in the American Dream. The seller enrolls their property in a suitable Down Payment Assistance Program (DPAP) and contributes an amount equal to the assistance their buyer will receive at closing, plus a small fee (around .75% of the property sales price.) When the deal is finalized, the down payment funds are wired from the DPAP to the escrow officer who is performing the closing. The seller has no part in the transfer of funds. This approach has helped many new home buyers obtain their first property with little to no money out of their pocket.

As a new home owner, you will experience tremendous benefits. Equity appreciation is one. Over time your property should increase in value. The difference between your property value and your loan amount is what’s called “equity” (your money). This money one day can help put your children through college, help start up your own business, and help pay for your retirement. Another benefit is the tax deduction. Interest you pay your mortgage company is tax deductible in most cases, once again helping you to keep more of your hard earned money where it belongs, in your pocket. Think of the freedom. No landlord telling you not to do this or that upgrade to his or her property.

In addition to the smart financial reasons and many benefits for buying your own home instead of renting, you will feel better about yourself and your life. You’ll provide a safer place for yourself, your spouse, and your family.

In summary, renting only helps your landlord, not you and your family. By paying down your credit cards and high interest consumer debt while searching for 100% financing options, someone paying rent can be a homeowner faster than ever in today’s real estate environment. A new homeowner will enjoy the benefits of equity appreciation, tax deduction, freedom and security. http://www.WhyKeepPayingRent.com is a free mortgage website. It allows renters, new homebuyers, and homeowners to receive free information on the mortgage process. How To Stop Paying Rent and Own Your Own Home is just one of many.

For additional information on the free mortgage reports contact Lawrence Wallace at United Mortgage Funding or visit http://www.WhyKeepPayingRent.com

About United Mortgage Funding:

United Mortgage Funding has been in business since 1994. Our offices and headquarters are located in Colorado. We are a mortgage broker with over 85 lending partners and hundreds of loan programs. We originate and process all of our loans in-house for quicker closings. We also use the latest automation and technology to speed your loan through the approval process.

Contact:

Lawrence Wallace

United Mortgage Funding

303.328.3133

http://www.WhyKeepPayingRent.com

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