One of the biggest problems we’re seeing right now is that buyers just don’t qualify for enough money to buy the homes they want. Banks have really tightened their lending restrictions, and the stress test isn’t giving them enough buying power.
But is the market really as bad as everyone thinks?
Truly, I don’t know.
Here’s what I do know… Everyone hates change, and nobody is happy with the way it is.
At the root of it, that’s what’s happening right now, change. It doesn’t mean the market is bad though. What it does mean is that we’ve gotten used to ridiculously low mortgage rates, and they couldn’t stay that way forever. They had to rise at some point.
The biggest problem is the cost of housing. Houses are just too damn expensive for most to afford. We simply aren’t producing enough homes to keep up with our immigration. Not to mention the international students and migrant workers that come here looking for a place to live.
So… all this being said, how can folks get a leg up in this market?
There are always going to be opportunities in any market, and that’s exactly what we’re talking about on this episode of “Guide 2 the Grind”.
The Equity Assist Program is helping first time homebuyers qualify with a 20% down payment.
It’s a co-investment program that’s counting on the appreciation of the homes they co-invest on, so there’s no extra monthly payment, and folks are saving on insurance fees and even land transfer tax.
Sounds too good to be true right?
That’s exactly what I thought when I first heard about it too, but have a listen to what Jonathan’s discovered and I’m sure you’ll be as fired up as I was.
www.guidetothegrind.com
One of the biggest problems we’re seeing right now is that buyers just don’t qualify for enough money to buy the homes they want. Banks have really tightened their lending restrictions, and the stress test isn’t giving them enough buying power.
But is the market really as bad as everyone thinks?
Truly, I don’t know.
Here’s what I do know… Everyone hates change, and nobody is happy with the way it is.
At the root of it, that’s what’s happening right now, change. It doesn’t mean the market is bad though. What it does mean is that we’ve gotten used to ridiculously low mortgage rates, and they couldn’t stay that way forever. They had to rise at some point.
The biggest problem is the cost of housing. Houses are just too damn expensive for most to afford. We simply aren’t producing enough homes to keep up with our immigration. Not to mention the international students and migrant workers that come here looking for a place to live.
So… all this being said, how can folks get a leg up in this market?
There are always going to be opportunities in any market, and that’s exactly what we’re talking about on this episode of “Guide 2 the Grind”.
The Equity Assist Program is helping first time homebuyers qualify with a 20% down payment.
It’s a co-investment program that’s counting on the appreciation of the homes they co-invest on, so there’s no extra monthly payment, and folks are saving on insurance fees and even land transfer tax.
Sounds too good to be true right?
That’s exactly what I thought when I first heard about it too, but have a listen to what Jonathan’s discovered and I’m sure you’ll be as fired up as I was.
www.guidetothegrind.com