Stop Being A Renter

5 Things To Make You STOP PAYING RENT or what you need to know to get you started toward buying your 1st home! People often fear what they don't understand. One of the most common examples is the fear of buying a home, and the seemingly complicated and endless process that accompanies a home purchase. In fact, studies have shown that this fear literally prevents some people from taking the first steps to buying a home. The trepidation is likely to be even more intense for individuals purchasing homes by themselves. Buying a home is probably the largest purchase a person will ever make. And for first time buyers, a group that is becoming more prominent in the home purchase market, this purchase is even more intimidating because you are taking the full responsibility upon yourself. Prospective buyers should take advantage of the wealth of home buying information and programs out there. To prepare, you should do research and be fully informed before beginning the search for a dream home. Here are six steps to get started:

1. Before you start your house search, think carefully about what it will be like to be a homeowner. For most people, homeownership is an integral part of the American dream and the advantages (tax benefits, sense of home, financial investment) far outweigh any drawbacks.

2. Your credit history is one of the first things a mortgage lender will look at in making a decision on your loan. Contact Northernstar Mortgage and we will provide you with a free credit report and analysis. Review it carefully to be sure all the information is correct. If you find discrepancies, we will help you work with the credit agencies to resolve them.

3. Saving for a down payment is one of the biggest barriers to homeownership. Northernstar Mortgage understands this dilemma and we provide many low or no down payment loans.

4. Before you begin working with a RealtorŪ, have Northernstar Mortgage provide a pre-approval. We will provide this service free of charge and there is no obligation. Pre-approval will let you know exactly how much you can spend on a home purchase BEFORE you start your search. A preapproval in hand also makes you a more attractive buyer when you are ready to make an offer on a home, as a home seller is more likely to accept an offer from a buyer who can demonstrate the ability to secure financing.

5. Northernstar Mortgage offers free homebuyer seminars. The classes walk you through the basics of home buying: how to apply for a loan, work with a Realtor, make an offer on a home, the escrow process, and the responsibilities of homeownership.

For more information or for a free pre-approval or to answer any questions please call us at 866-525-9190. More people who are renters now qualify to become a homeowner. Don't let fear or ignorance stand in your way. Our job is to educate and advise you. Call us today to take one step closer toward realizing your dream of one day becoming a homeowner.