This is a True Statement if you had to pay Taxes for the past two years.

If you have a fair amount deducted from your payroll for taxes and you still owe taxes - then it may be time to review the possibility of purchasing a home. 

If, you don't have a down payment and you are trying to figure out how to pay the closing cost, you are not alone. Click here for closing cost options,  if your income is high enough to pay your monthly mortgage.  If you are concerned about your credit score, again, you are not alone. Click here to learn more about increasing your credit score.   If you are concerned that you may not be able to afford to purchase a home in a neighborhood that will allow your child to go to certain schools, join the club of hundreds of thousands of single moms and newly formed families.  If you have determined that it is better for you to continue to rent because then you can live in a better neighborhood for your child's safety - that is more then understandable.

Just a couple of ideas; maybe purchase a home in the neighbor hood that you can afford and rent the property!  Or perhaps purchase a small condo in the area where you feel it best for your child to attend school instead of a home.  Or perhaps move away from the city area and purchase where homes may be cheaper.  Don't want to commute that far to work?  Understandable.

However, at this point, you must realize that Uncle Sam allows you to write off 100% of your mortgage interest. This alone could change your entire Tax picture.  It all occurs on Schedule A of the 1040 Tax Return.  Google (below):  "rent vs purchase calculator"  put in your numbers and see for yourself how much you will gain and save by purchasing a home.

Then ask yourself:  "Is commuting 50 miles one way per work day too much"?

Contact Us to be Pre-Qualified for a Home Loan.