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We Need to Stop Becoming a Nation of Renters

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

stop-being-nation-renters

“Mr Petrowsky

Your name was given to me by my sister, she recently became a real estate agent and recommended we reach out to you. We are currently paying $2,100 rent and landlord is planning on putting the property up for sale. My sister suggested we take to you about buying instead of collecting rent slips.

We have 3 children so down payment is an issue, but she indicated you have programs that can get us into a home. Can we meet or set up a phone appt?”

 

For sure, interest rates have increased over the past few months. But also for sure, they will come down again. Once interest rates start to decline, real estate values will move up again.

If the plan is to keep renting, rents continue increasing, and there is no slowing down in sight!

The key to buying a home currently is, can you afford the mortgage payment? If the answer is yes, the interest rate is NOT the most important factor.

We have so many mortgage products available to help people. We have a mortgage product with NO down payment required, and even down payment assistance! So if a down payment is not the issue, what is?

We need to stop being a nation of renters!

Let’s discuss what is possible for you. Give me a call at call (800) 822-7482 or email me at joe@righttracfg.com.

Originally posted on RightTracFG.com

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Sometimes all you need to buy a home is to find someone with knowledge and creativity.  The new Realtor and her sister reached out to the right mortgage consultant for sure.

Nov 02, 2022 06:08 AM
Paddy Deighan MBA JD PhD
http://www.medicalandspaconsulting.com - Vail, CO
Paddy Deighan J.D. Ph.D

Here in the Giant Litter Box it is common to get one  year of rent in advance - rental market is too strong

Nov 03, 2022 08:26 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Buying a "starter home" that might not be your first choice is still better than paying rent and have nothing at all to show for it 5 years down the road. I agree - we don't need to be a nation of renters.

Nov 03, 2022 09:57 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

There are options available to any serious buyers who no longer want to waste their hard earned money paying off a landlord's mortgage.  Great Blog!

Nov 15, 2022 11:27 AM