by Pam Arnold
on Monday, September 24th, 2018 at 4:59pm.
Buying a home is the most important thing you can do for yourself financially. It doesn't matter if it is a Single Family House, a Town House, or a Condo. What does matter, is that it will likely be the largest single investment that you make. There are many myths surrounding purchasing a home. The one I always here is that the potential buyer does not have a down payment... Well, gone are the days of 20% down or no loan, but recent surveys reveal that many Americans are not aware that programs exist to put down less. My favorite program is CHFA. CHFA allows a buyer to have $1,000. as a down payment. Sometimes CHFA will give you up to 5% to help you purchase a home. Call me for more information on this....720-933-4009
Let me say one more thing about buying a home... If you bought a home, and the housing market crashed, you would still have a place to live, and after you pay off your mortgage, you will still have whatever equity if you sold that home. Example: you buy a home for $300k you pay your mortgage off. You want to retire, so you sell your home for $200k.... That still gives you $200k you would not have if you had been renting. if you own your home you pay your mortgage. If you rent your home, you pay someone else's mortgage.