Homeownership is a big goal. Achieving it takes time, support and faith in yourself. The path and time it takes is different for everyone, but with patience and persistence, you can succeed in laying a foundation of building assets and success for you and your family.
Don’t fall for the myths that can stop you from trying:
Myth #1: My Credit Isn’t Good Enough
Reality: Credit scores are not fixed and can rise and fall depending on your actions.
We can connect you to a trusted advisor that can help you clean up, repair or build your credit before you apply for a loan. They’ll help take the mystery out of credit scores and put you on the path to homeownership – and their services are always free!
Myth #2: I Need to Make a 20% Down Payment
Reality: You don’t need a big down payment to buy a home.
- Sometimes the down payment can be less than a rental deposit
- Many lenders offer products with low down payments (3.5% or less)
- You also may be eligible for down payment or closing cost assistance
A trusted advisor can help you to navigate these and other questions on your path to homeownership.
Myth #3: I Don’t Make Enough Money
Reality: Depending on where you want to live, homeownership may be more affordable than paying rent.
Owning compared with renting provides an opportunity to build equity and wealth.
Consult with an advisor who can help guide you towards homeownership.