J. Leon Wooden tells renters paying $2,500 or more monthly to talk to a lender first, before a realtor. Most assume they can't afford to buy, but a free conversation with a lender reveals exactly what you qualify for and what first-time homebuyer programs exist. You might be closer to ownership than you think.
If you are paying $2,500 or more in rent every single month, stop and listen because this could change everything for you. Most renters never talk to a lender because they think they are not ready, but that is exactly backwards. The lender is where it all starts before you even think about calling a realtor. A lender will walk you through every first-time buyer program available, tell you exactly how much you qualify for, and the best part is you do not have to use any of it, but at least you will know how close you actually are to owning instead of renting. Knowledge is power, And this conversation costs you nothing. If your rent is $2,500 or more, you might be closer to buying than you think. Reach out with any questions.
