With rising rent and homebuyer demand in Central Florida, tenants are rethinking their strategy. With good consul from a trusted real estate advisor you can have your dream come true. Everyone financial status is different and there are not many same transactions when it comes to purchasing a home. Savings is necessary, you have closing cost and provided your loan is an FHA. Providing the price of home is 3.5% of home, that is a one time fee must be paid prior closing to borrow the money. And of course you have your closing cost in an unfortunate hot seller market. In this pandemic season inventory is low and homebuyer demand is high. It's simply not enough homes for the high demand. New construction can't build them fast enough to support the housing economy. Homeownership is a huge accomplishment. No one knows how long this will last.
Your credit score must be in tact and at least 620. The higher your score the less risk you are. FICO credit score ranges are 650-700 which is fair, it is best to be in the next tier 700-750 is good and of course 750-800 is excellent. You must have a derogatory's/disputes removed and or settled. and or settled. However I myself had to crawl before I walk with my credit. can be accomplished to boost your credit, but you must be disciplined in your mind. Having a made up mind to clear items up as you stay paced. Once you have your credit score at it's best, stay disciplined, however we know things happen in life but you can easily get back on track.
Home purchase is one dream that anyone can always want and can be accomplished as a renter. You will find stability, peace of mind and always as proud homeowner that can always inspire your kids. Call your trusted real estate advisor today. Trust your local home advisor Kevin Strawter at 850 496-6412 or email firstname.lastname@example.org to steer you in the right direction.