Mason breaks down home buyer qualification: you need reliable income or asset-based programs if you don't. Housing is everyone's biggest expense anyway, so the real choice is paying someone else's mortgage through rent or building equity in your own home.
I mean, in order to become a home buyer, to be quite honest with you, it's a lot easier of a process than most people think, right? The simple fact of the matter is you need to, you know, one, be able to have some kind of source of income, right? And even if you don't have some kind of source of income, right, there are alternative programs out there as long as you have some kind of assets, right? So some sort of money to put down. You're gonna have to pay, you're gonna have to pay something regardless. Whether you can budget or not, you got to pay for housing, right? And housing is going to be your number one expense for pretty much 90% of the people out there, right? Or I would say probably 99% of the people out there. So regardless of whether you can budget or not, you got to pay rent or you're going to have to pay a mortgage, right? Which one would you prefer to pay? Would you prefer to pay somebody else's mortgage or would you prefer to pay your own mortgage? I mean, that's really what it boils down to.
How to Qualify for your First Time Home Purchase #mortgagerates #homeownership
