Misconception

It has been a smoking busy time in the mortgage market this week. Tons of first time home buyers seem to be leaping head first into new homes. It's great! There is a common misconception that repeat home owners have a harder time qualifying for buy homes than first time home buyers. This is not true. As a repeat home buyer you can still qualify to buy a home with just 5% down and, those funds can even be from a gift. Lenders evaluate your income and credit just like any other application so, it is no harder to buy a second home than it is to buy the first. If you are considering upgrading to a larger home, contact me! I can walk you through the steps and show you exactly what you can qualify to buy.