Category Archives: Landlady Lead…

Avoid the sticker shock of a new or move up purchase

LANDLADY LEAD… Whether you are a renter, investor, or move up buyer, you can Avoid the Sticker Shock that has no doubt contributed to many foreclosure scenarios.  Put away the amount of money each month that is the difference between what you now pay for rent or mortgage.  For example, if you now pay $1,000 per month rent/mortgage, but expect to move up to $2,000 rent or mortgage, put away the additional $1,000 per month needed for 6 months.  If you never have to touch that money in 6 months, you will likely have little problems with paying for your new home.  Same works if you think you might need a new car.  Stash away that new car payment, and if it’s untouched for 6 months…you’ll have a great down payment!