Most of our clients are amazed to discover they are already paying more in rent than the cost of owning a home. What's even more amazing is that some of our clients go on to purchase their homes with a little more than the cost of moving into another rental. You can always decide to own a 2 or 3 family home. Qualifying for a multi-family home can be easier because the rent received from tenants increases your qualifying income (which generally translates into higher approval amounts).
According to The Federal Reserve Board’s triennial Survey of Consumer Finances (SCF) the average renter has a net worth of $5,400 compared to an average net worth for homeowners $225,000. All indications predict that this gap will only widen.
Owning your own home guarantees financial growth fo your future renting does not. Stop making your landlord rich and start building wealth for yourself. approval is now possible!