Stop Renting, Start Buying: 8 Steps to Buying A Home After the Housing Crisis
Tonya Brown
Author Bio
About Tonya Brown
Things I live by:
God and family first. Always be thankful. Never be afraid of change. Keep it pushing. Never give up. Move forward. Never stop learning. We create ourselves by the choices we make.
I am a mother, New Age grandmother. An avid reader (I devour 5-6 books/month). A fabulous cook, fashionista, and sometimes a diva. I enjoy traveling and renovating homes. I enjoy learning and educating others.
I am the Broker/Owner of Blisss Life Realty in Atlanta, GA. I have been a mortgage and real estate broker since 1997. I am the founder and CEO of Blisss Life Enterprises that consist of 3 brands:
* Blisss Life Realty, a full-service residential estate brokerage offering a first class experience.
* Blisss Life, a wealth building brand dedicating to educating African American millennials learn to respect money so that they can live a financially free, blisssful life.
* Rehab-Renew Travel, offering a first-class travel experience.
Description
What does home ownership mean to you? Perhaps it evokes a sense of security, or is a symbol of success. It may be a haven where you and your family can freely express yourselves. Maybe it’s a rung on your ladder in the pursuit of happiness or a cornerstone to building financial wealth. Whatever it means to you the process of getting there may involve excitement, fear, frustration, and uncertainty. Becoming a homeowner is a journey. Without proper guidance, it can be a nerve-wracking journey. This book will serve as your tour guide. It will provide you with the knowledge to get you to your destination. Whether you’re searching for your first home, move up home, or a dream home, this book will provide you with the knowledge needed to achieve your goal. After reading you will know how to choose the proper mortgage program, form a partnership with your ideal real estate agent, and what to expect during the home buying process.
Book excerpt
The recession and housing crisis left many of us believing that we
would never be able to afford to purchase a home or that we would
never own a home again. We believe that that if we don’t have at
least 20% for the down payment, we can not purchase a home, that
information is incorrect.
While it is true that most of your financial gurus suggest that you
save 20% down payment before buying a home. That advice is not
always feasible, for today’s consumer. The truth in today’s terms is
you can use a smaller down payment to buy a home and be building
equity during the time it would have taken you to save the 20% down
payment. According to a 2015 survey by Trulia, it can take from 5.1
years in some southern states to 29.2 years in coastal states such as
California to save the 20% down payment. The average mortgage is
30 years, so you could buy with a smaller down payment and have
your home paid off in the same amount of time it would take you to
save the 20%.
Why rent when you can own? The real cost of renting at $800 per
month with a 6% rental increase per year means you pay $126,552,
over a ten year period. You could almost afford to payoff a home for
that amount!
The reality of today’s market is with moderate home prices, lowinterest
rates, and the many down payment assistance programs now
is an optimal time to buy.
Author Website
http://www.blisssliferealty.com