One of the biggest roadblocks for home ownership is not having a down payment. Lets just be real here Americans many of them…not all, but many, have financial problems that plagued their past and some get dragged into their futures. With unemployment and minimum wage continuing to be major never ending issues, it can be hard to manage to save 3-5% for a down payment for a home when you have current bills,debts and a family to take care of.
If you are one of the Americans that falls into this category,shouldn’t you be able to buy a home if you would like to???
Yes you should, you work hard, you meet the credit requirements and maybe have worked hard to rebuild your credit history back up, to only find out you need to save up a bit more money to get your foot into the door. Continue reading