Q: If I buy a home, will my house payment be higher than my current rent?
A: Often an individual’s effective mortgage payment is lower than their previous rent.

Q: I have had some credit issues in the past, is there any way for me to qualify?
A: As a matter of fact, there are several programs available for individuals have faced credit challenges.

Q: We don’t have any money for a down payment, is there a way for us to buy a house?
A: There are a number mortgage options available where a down payment is not required.

Q: I had a bankruptcy.  Can I still buy or refinance a house?
A: Absolutely. Depending on your exact circumstances, you may be able to buy property within two years of your bankruptcy discharge.

Q: I have had multiple jobs in the last two years. Will that be a problem?
A: Depending on the type of employment, it is very possible that you will be eligible for a home loan.

Q: We don’t make enough money to qualify; can we add a co-borrower?
A: Adding another individual to your loan is often an option to assist in qualifying.

Q: What if I own my own company, can I still qualify?
A: As long as your credit is in good order, there many options available to you.

Q: If I buy a house, am I locked in for 30 years?
A: Definitely not, but aren’t you locked in to renting otherwise?

Q: How much money will I need to buy a home?
A: That completely depends upon the type of property and the loan program that you use to purchase the property. Traditional financing is not your only option any more. There are numerous programs for individuals who have put away money for a down payment and closing costs, but there are also loan options for people who don’t have money saved.

Q: I had a foreclosure… how long do I have to wait?
A: It completely depends on the circumstances behind the foreclosure. We have assisted many individuals in this situation. Once we discuss the details of your situation, we can determine exactly what is necessary for you to buy your next home. Don’t lose hope; if you are determined we can help.

Q: What type of tax break can I expect as a homeowner?
A: As a homeowner who makes a mortgage payment for their primary residence, the interest and property tax that is paid out each year serves as a direct reduction in one’s taxable gross earnings for that year.

Q: Will my payment ever increase?
A: A fixed mortgage will never increase as long as you own the home. An adjustable rate mortgage can adjust however, once the adjustment period begins.

Q: What are the advantages of buying a bank foreclosure?
A: In a sellers market it is generally not beneficial to buy a home that is in foreclosure versus a conventional sale due to the fact that the demand for housing forces the price close to or at the same level as non-foreclosed homes. However, in a buyers market, one could stand to substantially gain from buying a home that is in foreclosure since such homes are often sold considerably below market value.

Q: Don’t I have to pay a Real Estate Agent?
A: No. The individual selling the property pays real estate agents.

Q: Is it better to buy a house or a condominium?
A: While many people prefer a house, there are countless others that enjoy the lifestyle that accompanies condominium living. In terms of investment and resale value, entry-level housing has traditionally shown to be a good asset.

Q: I am new to my job, how long do I need to wait.
A: Depending on the type of work, you may not have to wait at all. It depends on your job and the circumstances surrounding the change.

Q: If I buy a “For Sale by Owner” will I get a better deal?
A: Generally speaking buyers don’t benefit when they buy a home directly from the seller. However, it is possible to find a home that is under priced on occasion.