Boo! Buying a Home Doesn't Have to Be Scary.

It's October! It's the month of pumpkins and parties, costumes and candy. As Halloween approaches, we thought we would take another look at the homebuying process.

It doesn't have to be scary. In fact, we've put together a list of the most spine-tingling reasons that people avoid buying a home. We'll go through each one and show you why you shouldn't be afraid.

Here we go...

Ghoulish Down Payments: You might have heard that you need 20% of the cost of the house before you can even consider buying it. That's simply not the case. There are many low down payment options available for those who qualify, including the FHA loan, which requires as little as 3.5% of the purchase price! See? Nothing to worry about. Another myth dispelled.

Fear of the Commitment: At a glance, a 30-year loan can be hair-raising for anyone. But is it really written in blood for that long? The truth is that any time during that term you can re-sell your home. Considering that most real estate tends to appreciate in value (especially now), chances are that you will be able to sell it for more than you paid for it. Not bad, huh?

Horrifying Amounts of Time: We've all heard the horror stories of loans that just won't close, dragging on and on. Mortgage technology has come a long way in the last few years. The process of becoming pre-approved or pre-qualified for a loan is faster than ever, and most documents can be signed online or from your phone. Your loan could close in as few as 28 days. Nice!

Frightful Monthly Payments: Don't be petrified by the thought of a mortgage payment. In truth, you could likely get a house for what you're currently paying in rent. Instead of putting your hard-earned money into something you'll never own, you could be building equity. Plus, you can always refinance if rates go down or you need to reduce your payments. Nothing chilling about it.

Ghastly Debt-to-Income Ratio: Even if you're credit isn't where you want it, we have a host of products and options for homebuyers. No problem.


Well, there you have it. Buying a house, especially your first house, doesn't have to be scary. We do everything we can to take the fear out of it so you can get on with enjoying your dream home. If you're ready to start your mortgage journey, contact us today!


From all of us here, we wish you and yours a very happy and safe Halloween!

- Oct 01, 2021