How to go from Renter to Homeowner in 2023

Do you feel stuck on the renter/landlord hamster wheel? Don't worry...there is a way out. Homeownership can be for you. But first, you need an exit strategy. Read through this post to learn how to discover yours!

Credit and Income and Debt...Oh my!

It's normal to feel nervous to discover your numbers, but it's necessary if you ever want to get off the hamster wheel. And good news for you, the process is pretty quick and painless! Even if you know you have a low credit score or too much debt, you don't know your options if you don't talk to a lender.
Get some lender recs from your Realtor (yes, it's not too early to choose a Realtor!) and see what they can do for you. Different companies offer different assistance programs so don't give up after one phone call! 

Commit to a plan and do the work.

Spoiler alert: there's a chance it will take longer than a year to become a homeowner. But there's also a chance it will take less time! The only way to know for sure is to choose a lender and a homeownership plan and commit to it. This may mean taking a financial class. Maybe it's paying off a credit card or revising your monthly budget. Whatever it is, it's empowering to know you have what it takes to make your dreams happen. Don't think of the plan as a set of restrictions...think of it as your path to freedom! Mindset during this time sets apart the forever renters from the future homeowners.

Ready to take the first steps? Give us a call today at (757) 303-2367