Simplified explanations of common mortgages and loans
Various articles explaining the variations and implications of a commonly used mortgage terminology.
First Time Buyers - Buy vs Rent
In today's real estate market with so many home owners having lost their homes to foreclosure, bankruptcy, short sales, and deed in lieu of foreclose, the market has more renters than available homes for purchase. This high demand for rental properties has driven rents to an all time high. Renters are paying 30 to 40% more for a monthly rent payment than they would be paying for a mortgage loan payment for the same property.
At Solution First Mortgage Inc. it is our philosophy to help guide you in preparing for responsible home ownership. Responsibility starts with education on how credit works and how important it is to stay disciplined and current with all liabilities. How to understand the limitations of your income and DTI (debt to income ratios), we will also help you assess your past credit issues and may be able to direct you with options on how best to overcome these obstacles and who may be able to help you.
As a renter sometimes we do not see or understand all the options we may have available to us in order to be able to purchase our own home. At Solutions First Mortgage Inc. it's our goal to help find all the possible options available for you.
Our service has been designed to remove the stress and misunderstandings commonly associated with buying a property. Welcome Home!
For further information about getting the right mortgage for you and to arrange your 'NO-FEE ASSESSMENT'
CALL US on (+1) 941-921-1110