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Don't Pay Another Cent in Rent Before You Read This.

The lease is about to end and you are thinking of using those funds to pay for your home? With the help of this report, it will become clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent.

It's a dream we all have - to own our own home. But if you're like most renters, there are some little-known facts that can help you transfer your status from renter to homeowner. With this information, you will begin to see how you really can:
• save for a down payment
• stop wasting thousands of dollars on rent.


6 Little Known Facts That Can

Help You Buy Your First Home


#1 - LESS DOWNPAYMENT
You can buy a home with much less downpayment than you think

There are some local or federal government programs (such as First Time Buyer programs) to help people get into the housing market. You can qualify as a first-time buyer even if your spouse has owned a home before as long as your name was not registered. Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

#2 - LENDER HELP
You may be able to get your lender to help you with your down payment and closing costs

Even if you do not have enough cash for a down payment if you are debt-free, and own an asset-free and clear (such as a car for example), your lending institution may be able to lend you the down payment†for your home by securing it against this asset.

#3 - SELLER HELP
You may be able to find a seller to help you buy and finance your home

Some sellers may be willing to hold a second mortgage for you as a seller take-back. In this case, the seller becomes your lending institution. Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

#4 - CASH DOWN
You may be able to create a cash down payment without actually going into debt

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down payment. While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

#5 - CREDIT PROBLEMS
You can buy a home even if you have problems with your credit rating

If you can come up with more than the minimum down payment or can secure the loan with other equity, many lending institutions will consider you for a mortgage. Alternatively, a seller take-back mortgage could also help you in this situation.

#6 - APPROVAL BEFORE LOOKING
You can, and should, get pre-approved for a home loan before you go looking for a home

Pre-approval is easy and can give you complete peace-of-mind when shopping for your home. Mortgage experts can obtain written pre-approval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. More than just a verbal approval from your lending institution, a written pre-approval is as good as money in the bank. It entails a completed credit application and a certificate that guarantees you a mortgage†to the specified level when you find the home you're looking for. Consider dealing only with a professional who specializes in mortgages. Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter's rut forever. Typically there is no cost or obligation to enquire.

There are many important issues you should be aware of that affect you as a renter. Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning. This conversation costs you nothing. And, of course, you shouldn't have to feel obligated to buy a home at the time you review this. But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you'll be when you are ready to make this important step.
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CAP Real Estate, LLC
Carlos Pichardo
11166 Fairfax Boulevard, Suite #308
Fairfax, VA 22030
571-748-7360
Licensed in Virginia, Florida and Maryland

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