“We’re Planning on Buying Next Year”
So many time I speak to prospective home buyers that say they are planning to purchase a home sometime in the future for many reasons. One of the reason, we don’t think we can qualify, so we need some coaching as to what we need to get ready.
After getting their history and running a credit report, it was clear that the wife had very strong credit, but the husband was not as strong, credit or income wise. After going over some math, the wife could purchase a home on her own.
The two of them were getting killed on taxes, based on their joint income, so buying a home sooner rather than later was definitely in their best interest and since they file jointly, it wouldn’t matter if the mortgage was done in both names.
They left my office with a pre-qualification in hand and ready to buy a home now, rather than later. Before you decide on next year, check it out, you may be able to buy NOW!
Image copurtesy of Phanlop/freedigitalphotos.net
Subscribe to my blog via Email:
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
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.