Aug 26, 2013

Do you have a down payment?

Do you have a down payment?

Mortgage and down paymentSo, you've decided that you want to purchase a house.  The only problem, you don't have a down payment.  Well, there are programs available to help buyers purchase a homes with zero down. For more information, please give me a call or email me, I'll put in contact with a loan officer.

Its always better to have a down payment.  The first step is to is to decide how much mortgage you can afford.  Can you afford a $1000, $1500, ... per month?  Use a mortgage calculator to determine your monthly payment. Remember, this is only an estimate, the best way to determine price and cost is to contact a lender.  Once you know what you can afford, start saving.

Lets assume you can afford $2000 per month.  You can't save that each month.  Most of us do not have an extra 2K each month.  But if you are already paying $1200/mo in rent, all you need to save is an extra $800 each month.  Put this amount aside is a "do not touch" bank account.  This will show any potential mortgage lender that you really can afford $2000 each month.  After one year, you will have nearly $10,000 for a down payment.

It will take time, but this is a great way to build credit, build your savings, and educate yourself on home buying.


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Want to impress your friends with your knowledge of German, or maybe Russian.  Well some word can only be spoken in their native tongue.

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Aug 11, 2013

This Weeks Diigo Posts (weekly)

This Weeks Diigo Posts (weekly)

Posted from Diigo. The rest of my favorite links are here.

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Aug 6, 2013

Focus on one thing at a time with The One Thing

Focus on one thing at a time with The One Thing

Its a refreshingly simple idea, focus on "one thing".  Personally, life is busy.  One of my greatest challenges it making time for everyone, everything, every job, myself, and God.  The One Thing, by Gary Keller is a book that forces you to be introspective about what is important, God, family, work, and play so that you do your best at each.  This sounds like a good summer read.



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Aug 4, 2013