Tuesday, May 22, 2007
When we know that we dont have enough for a down payment or in some cases we dont have a single penny saved then discouragement for purchasing a house takes over us. As we place that idea in the back of our heads and think well come back to it in a few months or years. But the reality is, how often do we take that idea and make it become true? In most cases we will let that dream fly away. In this case there is a solution when you dont have enough for a down payment or as mentioned no money. The answer is simple, Leverage, or as David refers to it as OPM which stands for Other Peoples Money. There are lending institutions that will help you purchase your home. There are many programs designed so people can take the opportunity of purchasing a home. Most Financial Intuitions wont lend when it comes to purchasing artwork, stamps, and collectible items but when its for a home the cards on the table are in your favor. Dont become discouraged because you have little or no down payment...
| Posted by maricela at 9:54 AM |
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